Full text of Commercial and Financial Chronicle : September 1, 1894, Vol. 59, No. 1523

View original document
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H U N T ’S

M ERCH ANTS’ MAGAZINE,

REPRESENTING TH E INDU STRIAL AND COMMERCIAL INTERESTS OF THE U N IT E D STATES.
[E n tered according to A ct of Congress, in tlie y e a r 1894, by th e W i l l i a m B. D ana C o m p a n y , in th e office of th e L ib ra ria n of C ongress.]

NO. 1523

SATURDAY, SEPTEMBER 1, 1894.

VOL. 59.

Week End'o Aug. 18.

• Week Ending August 25.

3 ? lu e

d x r m n tlc .

1S94.

Terms of Advertising—(Per inch space).
O ne tim e ................................... $3 50 T hree M onths (13 tim e s). .$25 00
(26 “ ) .. 43 00
O ne M onth
(4 tim e s ).. 1 1 0 0 Six M onths
Two M ònths
(8 “ ) .. 18 00 T w elve M onths (52 ** ) .. 58 00
(The above te rm s fo r one m o n th a n d u p w a rd a re fo r sta n d in g cards.)

London Agents:
M essrs. E d w a r d s & S m i t h , 1 D ra p e rs’ G ard en s, E . C., w ill ta k e sub
s c rip tio n s a n d ad v e rtise m e n ts, a n d su pply single copies of th e p a p e r
a t I s . each .
W ILLIAM B . DANA COMPANY., P u b lish ers,
P in e Street, N. W . Corner o f P earl Street,
P ost Of f ic e B ox 9 5 8 .
NEW YO RK .

On page 000 will be found the detailed returns, by States,
of all the national banks, under the Comptroller’s call of July
18, 1894, kindly furnished us by the Comptroller. The returns
for May 4, 1894, were published in the C h r o n i c l e of July 7,
1894, page 24.
■

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, September 1, have
'
- 7700,437,889 thé corresponding week of last year.
Cl e a r i n g s .

Week Ending September 1.
1894.

18 9 3 .

Per Cent.

N ew Y o rk — . . . . . . . . . . . . . . . . .
B o s to n .........................................P h i l a d e l p h i a ................... ...
B a l tim o r e ..................»............. .
C h ic a g o .........................................
S t . L o u i s ................
N e w O rle a n s . . . . . . . . . . . . . . —

$343,757,241
62,650,413
4 0 ,628,946
9,881,188
71,412,385
13,809,953
3,589,605

$314 ,7 7 8 ,1 0 8
46.453,8 2 6
3 9 ,536,5 1 6
8,718,6 4 1
5 4 ,116,8 5 8
1 1 ,8 22,2 1 4
3,270,5 0 8

+ 9-2
, + 1 3 -3
+ 2-8
+ 1 3 -3
+320
+16 8
+ 9-8

S e v e n c itie s , 5 d a y s . . . . . .
O th e r c itie s , 5 d a y s . . . . . . . . . . .

$535,729,631
113,876,3X4

$478 ,6 9 6 ,4 7 1
82,471,2 9 4

+ 1 1 -9
+ 3 8 -1

T o ta l a ll c itie s , 5 d a y s ...
A ll c i tie s , 1 d a y . . . . . . . . . . . . . . .

$ 6 4 9,605,945
161,427,783

$ 5 6 1,167,7 6 5
139,270,124

+ 1 5 -8
+ 1 5 -9

T o ta l a ll c i tie s f o r w e e k ..

$811,033,728

$ 7 0 0,437.8 8 9

+ 1 5 -8

The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week covering the returns for the period ending with Satur
day nooD, August 25, and also give the totals for the corres
ponding week in 1893. In comparison with the preceding
week, there is a falling off in the aggregate exchanges of
seventeen millions of dollars, but at New York a slight gain
is recorded. Contrasted with the week of 1893 the exhibit is
a very favorable one, all but four of the cities showing gains,
and in the total for the whole country the excess reaches
22’4 per cent. The percentage of increase at Birmingham is
•404*7 per cent, and Louisville, Memphis, Peoria, Helena and
•Cincinnati have more than doubled the figures of a year ago.
Buffalo shows a loss of 45 per cent.




$

P. Cent

1894.

|P . Pent,

423,692,778

Salti of—
(S to eki.... ......shares.)
(drain ............. bushels.)

+163

422,272,415

S64,234,313

(1.286,035)
,25,058,275)

N ew Y o r k ..........................

Terms of Subscription—Payable in Advance:
F o r O ne Y e a r . . . . , ........... .............. - ...... ................................... $10 00
F o r S ix M o n th s ,.................. .................................................... .6 00
'" E u ro p ean S ubscription (in c lu d in g p o s ta g e )................... 12 00
E u ro p ean S u b scription Six M onths (including p o sta g e).
7 00
A n n u al S u b scrip tio n in L ondon (including p o sta g e )— £ 2 10s.
C / S ix Mos.
do.
do.
do.
— £ 1 10s.
T h e I n v e s t o r s ’ S u p p l e m e n t of 160 p ag es is issu ed ev ery o th e r
m o n th , o n th e la s t S a tu rd a y s of J a n u a ry , M arch, M ay, J u ly , S eptem ber
a n d N ovem ber, an d fu rn ish ed w ith o u t e x tr a ch arg e to a ll su b scrib ers
o f th e C h r o n i c l e !fo r six m o n th s o r longer.

Return» t> Telegraph.
v

f

1893.

(730.446) (+70-1) (1.358,949) (+ 7 8 3)
(15,814,725) (+62-1 (32,131,437/ (+77*4)
71.7S8.663
4,385,700
1,424.001
1,165,747
1,109,493
1,238.314
1,043.924
608.519
634.146
346,440
83.644,950

+ 1-7

B o s t o n . . . . . .....................
P ro v id e n c e ......... ......... .
H a r tf o r d .........................
N ew H a v e n ....................
S p r in g f ie ld ....'..............
W o rc e s te r................. . . .
P o r tla n d .......... ..............
F a ll R iv e r .......................
L o w e ll......... y .................
N ew B e d fo rd ......... .
T o t a l N ew E n g la n d .

70 870,675
8,759,600
1.487,443
1,079,107
940,054
915,127
1,123.369
509,663
493,917
266,409
81.505,364

55,045.857
3.347,800
1.282 952
1,004.572
914.431
913 869
906,535
400,671
420,062
285,527’
64,521,776

+28-7
+ 12 3
+15-9
+7 4
+ 2 ‘8
+0-1
+23-9
+422
+17-8
-6 7
+26-3

P h ila d e lp h ia ....
P itts b u r g ...... .
B a ltim o re ...........
B u ffa lo .;.............
W a s h in g to n ....
R o c h e s t e r .......
S y ra c u s e .............
W ilm in g to n .....
B in g h a m to n ....
S c r a n to n * .........
T o ta l M id d le .

53,074,937
11.823.289
11.179.942
3.560,243
1.207,164
1,009,23«
685,000
675,909
244,700
747,806
83,510,422

47,805,114
8,246,004
10.709.723
6,467.708
855,713
891.550
569.768
625 890
238,500

+11-0
+43 4
+44
-4 5 0
+41-1
+ 1 3 ’2
+20-2
«80
423-6

76,410,000

+93

+69

58,392.244
+34-9
6,288.5o0 +103-3
2,457.994
+69-6
4,6u0,000
+23-0
3,624.620
+37-3
1.783,500
+562
1,083,867 +130 3
971,830
+17 8
604.425
+281
172,879
+96-0
197.244
+30-2
190 684 +20-8
130,000
+77 3
93,052
+46 0
97.403
+43 7
80,690,643
+42 4

+ 39 7
893-1
+63 5
+34 1
+181
•+63-3
+ 129 4
+216
+13-1

78.757,562
12.782.0o0
4,169,500
5.656,730
4,977,327
2,784.600
2,600,000
1,145,214
774447
338 819
256,726
239,910
2H0.471
135,824
139,960
114,889.096

C h icag o .......................... .
C in c in n a ti.....................
M ilw au k e e..................••••
D e tr o it................................
C le v e la n d ...........................
C o lu m b u s...........................
P e o r ia .................. ..............
In d ia n a p o lis .................. .
G ra n d R a p id s ...................
L e x in g to n ..........................
S ag in a w ..............................
B ay C ity .............................
A k ro n . ..................»...........
8 p rin g fleld , O .................. .
C a n to n ............ . ................
T o ta l M id d le W e s te ra .

8,901,788
503,566
636,104
456,613
354.285
090 165
2-0,000
169.585
108,674

+28 0
+ 6 2 ‘8
+80-5
+96
+42-8
—16 8
+117 5
+42 2
—7 3

S an F ra n c isc o ..
P o rtla n d ............
S a lt L a k e C ity .
S e a ttle ................
T a o o m a ..............
Los A n g e le s ....
H e le n a .. ...........
S p o k a n e ............
S io u x F a lls .......
F arg o * ................
T o ta l P acific.

11,390,577
917,56«
967,490
500,000
506,044
574.367
603,970
241.U 6
100,723
113.185
15,812,831

12,060,810

+311

K a n sa s C ity ............ .
M in n e a p o lis ..... . . . . . . .
O m a h a .............................
S t. P a u l , ............ ..............
D e n v e r......... .....................
D u lu th ...............................
S t. J o s e p h ........................
S io u x C ity .........................
D es M o in es......... A ..........
L in c o ln .............................
W ic h ita ..........................
T o p e k a ...............................
F r e m o n t................... •'••••
T o ta l O th e r W e s te r n . '

9.660.890
4.092,824
4,138,008
3.583,430
2.181,199
2,«92,n94
1.307,348
457.235
917,613
318.911
316 443
616,223
02,690
80,548,514

5,161,586
8,165.555
3.590.126
1,914,022
1.617.808
1,410,932
1,000,000
294,450
479.328
237.930
299,497
242,205
56.417
19,584,356

+87-2
+»8 2
+153
+81-3
+ 351
+661
+30 7
-j-55‘3
+91-4
+10 8

St. Louis...............

17,869,146
4,432,348
«.927,014
1,623.615
1,650,000
1,834,271
889,519
1,134,434
781.198
633,967
«90.490
930,189
400,000
500,000
256,017
288.149
148.006
41,083,368

+9 6
+ 2 7 ‘6
+4 0
+33 4

+91
+12 8
+ 14 8

+
121*0

120 810,622
13,416.342
960,614
1,015,782
478.363
561.083
810,848
664,880
259,128
131.094
165,037
18,298,134
8,916,592
4,930,481
3.938,883
3,793,916
2,130,280
2.209,677
1,424,283
515.142
989,003
3)1.026
303.820
898.334
84,400
30,364,447

+3 8
+39-9
+538
+10-9
+25 3
+44*9
+13-7
+653

+888

+0"9
+44*3
+40 9
+90 0
+27 5
+185
+218

+551
+50 7
+ 20 3
+ 72 9
+65-6
+40 5
+23 1
+75 9
+976

—*
10

—5*4
+49-2
+56-4
+48 3

+37*3
+11*5
+146-0
+ 9-1
+43*1
—27 9
+188 0
+51*0
+11-9
+ Ì5 -0
+3 2
+45 5
-HITS
+89-0
+437*5
+53*2

+106

+35 8

791,042.403

646,132,476

+22-4

307;3i9,62ö

281,898,163

+303

385,820,310

+25 7

10.634.092
5.938,86«
1,221,760
505,185
«84,131
I " 18,299.905

9.851,370
4.394.631
1,175/882
596,076

+7*6
+35 1
+3 9
—15 2

—7*0
—1 0 3

16,017,461

+ 14 2

9.373,680
4 257.049
1,242 759
506,777
809,424
15,380,871

T o t a l a l l .....................
O u ts id e N ew Y o rk .
M o n tr e a l. . . . . . .
T o r o n t o ..........
H a l i f a x ..............
H a m ilto n ....... .
W in n ip eg .* .........
T o ta l C a n a d a .

+120
—0 9
—
20

+96
+28 5
+49
—44*6
+44*5
+26*2
+26*9
-1 1 -3
+ 3-4

+29 3
13 814.798
+13 0
3.920,871
2.294.215 + 202 0
+12-5
1,443.012
1,2*3,931
«+0-0
1,667.972
307,2,’3 +189*5
+6T2
690,915
600,000
+47-9
450,929
+7-8
617,000
+55-9
600,4» 8
+20-7
372,862
+ 7 0 '7
292,879
50,728 + 4 0 4 7
+90-3
151,401
+53 6
96,351
+30 3
28,635,578

New O r le a n s ;.........
L o u is v ille ..............
G a lv e s to n ..... . . . .
H o u s to n ...................
R ic h m o n d ...............
M em phis . . . . . . . . . .
S a v an n a h .... .....
N a s h v ille ..........
A t l a n t a ................ .
N o rfo lk ....................
D a lla s........................
W aco.........................
F o r t W o r t h ............
B irm in g h a m ..........
J a c k s o n v ille ...........
C h a tta n o o g a ..........
T o t a l S o u th e r n .

+1T3
+111
+55-9

+15-6

* N o t In clu d ed In to ta ls .

+1T9

+88
—6
15
—
72

350

THE C H K O m C LE.
THE FINANCIAL SITUATION.

Comment has been made because there has not only
been no immediate buoyancy in our markets con
currently with the Tariff bill becoming a law, but
because on the contrary Stock Exchange values have
since that event actually lost a portion of their pre
vious advance. Such suggestions assume the exist
ence of a very different state of affairs than really does
exist and give to a tariff bill reducing rates a poten
tiality it does not possess. Two, and only two, ends
were at once achieved by the perfection of that piece
of legislation. The most important was that the
Government Treasury, instead of daily netting an
alarming deficit, as it had been doing for a long time,
was put into possession of a safe and sufficient surplus ;
that was an immediate good and immediately revealed
the interpretation the world placed upon the affair by
the material drop in foreign exchange. The only
ether instantaneous benefit secured was that the en
actment put an end to the uncertainty as to future
Customs duties, which the process of lowering rates
caused, and has thereby made it possible for commer
cial classes to import, manufacture and purchase
stocks of goods freely. In other words, the comple
tion of tariff legislation simply removed the obstacles
which stood in the way of industrial development; it
has not in itself the power to ruffle a feather
and certainly is devoid of any attribute which could
enable it to create buoyancy.
Whatever office then such an event can hold in the
matter of the revival of industrial work it has filled, in
that it no longer hinders and so permits the free action
of natural influences in restoring derangement pro
duced by rest from work and in stimulating the inter
change of commodities. To assume that full results
of commercial activity must be attained at once or sud
denly is unreasonable in the extreme. They can only
be secured gradually and slowly, the impulse which pro
duces them being centered not in the Tariff act but in
the mine, in the foundry, in the workshop, in the mill,
on the farm and plantation. That is to say the quick
ening of industrial movements is a kind of evo
lution, always in progress, but which for a time
and by force has been very nearly arrested, but is now
getting in motion again. Indeed the results in sight
to-day are surprising rather than disappointing. What
has been goiDg on this week at the New York Custom
House ? Merchants* agents have been fairly stumbling
over one another in the scramble to get goods out of
bond. Some say that has nothing to do with increase
of business—it is not selling or distributing the goods.
Are we to assume that our merchants have so far lo3t
their shrewdness as to pay duties and fight for priority
in obtaining their goods without seeing any demand in
sight ? They could have left their goods in bond had they
so chosen and taken them out any day when needed with
far less trouble to themselves, and would have done so
unless they had seen occasion for haste, or unless they
bad suddenly become daft.
But there is no room for uncertainty about the situa
tion in the matter of a reviving demand. Ever since it
looked as though the tariff legislation was nearing its
end the dry goods market has taken on new life, and
it was more active yesterday, with more buyers present,
than any day yet. Nor is that a ll; the activity in pur
chases is shown in the circumstance that the accumu
lated stocks of goods are being absorbed and that prices




[VOL. L1X,

are steadier and in many cases higher. Very likely
this statement as to stocks is not true of every make of
goods, but it is certainly true of staple goods. Theprint cloth situation affords an interesting and
instructive comparison. In the week ending August
10 the stocks of print cloths at Providence and
Fall River were reported at 1,135,000 pieces, with the
market dull and the price for 64x64s at 2f-c. less one per
cent and low middling upland cotton 6 7-16c.; yester
day the stock had been reduced to 950,000"
pieces, the price of print cloth 64x64 had risen
to 2$-c., with the market very firm and raw cot
ton unchanged. Those figures show how a verybrief stoppage by the Fall River producers ha»
corrected the whole situation affecting that class
of goods, while the activity of the market at the
advance affords good promise that the managers will
be forced to start up again much sooner than they
anticipated. Moreover, this renewed inquiry for prod
ucts is not confined to the dry goods market j it is day
by day slowly broadening.
The market for time money and for commercial
paper has been a little easier this week. This condi
tion has been brought about mainly, so far as the time
loan branch of the market is concerned, by the exces
sive supply of money offering, and by the fact that ithas been almost impossible for lenders to place money
on short time, so they have pressed their offerings for
longer dates. Foreign bankers, who are in competition
with domestic lenders, have been unable to obtain
better than 2^@3 per cent for three to four months*"
contracts, and very little cm be loaned at these
rates because this class of lenders require a
higher grade of collateral than that accepted by
domestic lenders, and, moreover, they demand a
gold note. For these reasons borrowers usually
give preference to domestic lenders, whose requirements
are not so strict. One feature of the time loan branch
of the market has been borrowing by the city, in an
ticipation of the collection of taxes, at 2 per cent to
the end of October, and it is reported that about
$1,000,000 has been placed in this way. A feature in
the commercial paper market has been a lighter supply
of first-class names, due mainly to the fact that mer
chants have, at least temporarily, supplied their wants,
and collections being good they are in no immediate
need of funds. At the same time the inquiry on the
part of city banks for best names is good though not
urgent, and it has somewhat relaxed so far as buyers in
the interior are concerned. It is reported, however,
that some of our city banks have this week refused te
accept offerings of paper, claiming that they expected
to be drawn upon by their depositors quite heavily
during the next fortnight, partly for September interestpayments and partly for maturing contracts. The
easier tone for paper seems to be confined to single
names, and quotations for endorsements and accept
ances show little or no change.
Call money, representing bankers* balances, loans
uniformly at 1 per cent at the Stock Exchange and
renewals are at 1@ 1| per cent. Banks and trust com
panies quote li@ 2 per cent for their loans, which usu
ally stand undisturbed for indefinite periods. There is
a very light demand for short time money. Commis
sion houses are not large borrowers and they can obtain
all that they require in the call loan branch of the
market and appear confident of their ability to
meet their requirements in the near future with
out attempting to borrow for fixed periods.
The*

S

eptem ber

1, 1894.]

TH E CHRONICLE.

brokers in domestic money report transactions at
per cent for six months on a very good line of
-collateral, and their quotations stand at 1£ per
cent for thirty, 2 per cent for sixty and 2£ per cent
for ninety days; 3 per cent for four,
per cent
for five and 3£@4 per cent for six months or longer
dates. The market for commercial paper has been
easier for sellers this . week, as above noted. Very
many of the banks are, however, out of the market,
refusing to accept any paper, no matter how good,
below 4 per cent, and they prefer to wait for
higher rates, confident that these must soon rule.
The rates now prevailing are 3@3^ per cent for sixty to
ninety-day endorsed bills receivable, 3|@ 4 per cent for
four months commission house names, 3^@4 for prime
four months and 4@4|- for prime six months single
names and 4|@ 5£ for good four to six months single
names.
The financial situation in Europe is without change
and the only feature of note is the fall in the open
market rate for discounts at Paris to 13-16@£ of 1 per
cent, which is very unusual if not unprecedented. Still
another feature is the accumulation of bullion in the
Bank of England, which now amounts very nearly
to £40,000,000. T ie Bank still maintains 2 per
cent as the minimum. The cable reports discounts of
sixty to ninety day bank bills in London 9-16 of
1 per cent. The open market rate at Paris, as
already•stated, is 13-16@$- of 1 per cent, at Berlin
the rate is l i @ l f per cent and at Frankfort
I f per cent. According to our special London cable,
the Bank of England gained £288,687 bullion during
the week and held at the close of the week £39,886,099.
Our correspondent further advises us that the gain was
due to imports of £227,000 (of which £164,000 were
bought in the open market, £52,000 were received from
Egypt and £11,000 from China), to receipts from the
interior of Great Britain of £107,000 and to exports
of £45,000, of which £25,000 went to Egypt and
£20,000 to Spain.
There has been very little feature in the market for
foreign exchange this week. The business has been
small and the fluctuations in rates for actual transac
tions light. The current demand for remittance seems
to absorb the ordinary offerings, and whenever the
inquiry increased from any cause the tone grew firmer,
while when this demand was satisfied an easier feeling
was perceptible. Cotton futures continue to be ofered at slight concessions, but it is probable that
there are few of these maturing in Sep
tember yet to come upon the market. With
money at 2 f @3 per cent for three to four months, there
is little inducement for bankers to draw “ loan ”■
bills,
and consequently none of these are offered. On Mon
day the tone was barely steady. On the following day
it was firmer because of a little better demand from
remitters, and also on account of a smaller offering of
bills, but on Wednesday it was quiet and almost fea
tureless. On Thursday there was an easier tone be
cause of a light .demand, and a little better supply of
bills against securities and some against cotton; and
while some of the bankers reduced their posted rates
there was no change in the actual rates and the
close on that day was barely steady. Yesterday the
market was dull and weak on a small volume of
business, and the actual rates were in some instances
marked down fractionally. The following table shows
the daily changes in posted rates for exchange by leading
drawers:




351

F ri..
M on..
T u e s..
W ed.,
F ri..
T h u rs ..
A u g . 24. A u g . 27. A u g . 28. A u g . 29. A u g . 30. A u g . 31#
80
80
80
80
Brown Urn« .... i §9 ^ a y s .. 80 «
. . . j S ig h t.......
80
o iu w u D r u »
87«
«7«
87«
87«
87«
87«
B aring,
{ 00 d a y s .. 87
87
87
87
80«
80«
M ag o u n & Co. <S ig h t..... 88
88
88
88
87«
87«
B ank B ritis h
$ 00 d a y s .. 87
87
87
87
37
87
N o. A m erica.. \ S ig h t....... 88
88
88
83
88
88
B ank o f
< 00 d a y s .. 8 0 «
80«
80«
80«
80«
80«
M o n trea l........ { S ig h t........ 8 7 «
87«
87«
87«
87«
87«
C an ad ian B a n k 1 00 d a y s .. 87
87
87
87
87
30«
o f C o m m erce. \ S ig h t....... 88
88
88
83
88
87«,
H eid elb ach .Ick - f 00 d a y s .. 8 0 «
80«
80«
80«
80«
80«
e lh e im e r & Co ? S i g h t . . .. 8 7 «
87«
87«
87«
87«
87«
80«
80«
80«
80«
8 0 -«
80«
J sight..... 8 7 «
87«
87«
87«
8 7 -«
87«
M e rc h a n ts’ B k. $ 00 d a y s .. 87
87
87
37 '
87
87
o f C a n a d a . . . . i S ig h t....... 88
88
88
88
83
88

The market closed weak on Friday at 4 86@4 87 for
sixty-day and 4 87i@ 4 88 for sight. Bates for actual
business were 4 85^@4 85f for long, 4 86^@4 86£ for
short, 4 86|-@4 86f for cable transfers, 4 85 @4 85^ for
prime and 4 84£@4 84J for documentary commercial
bills. The City of Washington arrived on Wednesday
from Havana with $841,000 gold in transit for Europe.
Bailroad earnings continue to show improvement on
the small totals of last year, indicating that the revival
in business is making steady progress; and the
same fact is shown in the reports of t bank clear
ings. We pointed out in our issue of last Saturday
that the preliminary statement of earnings we had
prepared for the second week of August exhibited
an increase in the aggregate which though small
in amount was the first increase that had appeared in
any weekly statement the present year.
We stated at
the time that it was possible that fuller returns
might convert the increase into a. small decrease, and
this is what has happened. But the decrease
is very trifling, amounting to only $7,660, and
moreover it is to be noted that if the two large Canadian
roads, which have sustained very heavy decreases/
namely the Canadian Pacific and the Grand Trunk of
Canada and also the latter’s Chicago line, the Chicago
& Grand Trunk, were omitted from the statement/
there would be instead of the $7,660 decrease an in 
crease of $134,385. For the third week of August our
preliminary statement reveals an increase even with
these roads included, which again have quite heavy
losses; the increase is $237,524, or 3*52 per cent, and
there is no likelihood that this will be changed into a
decrease on the receipt of further returns.
A great many reports of gross and net earnings for
July have come to hand this week. During the first
half of July the great railway strike prevailed and most
of the roads therefore show considerable losses ; but at
the same time the statements as a rule are much better
than had been expected, indicating that with the revival
of business a part of the loss of the first two weeks was
recovered in the last two weeks. The Pennsylvania
in its return makes a better comparison with last
year than has been the case for many months
past. On the lines east of Pittsburg and Erie
the decrease in gross earnings is only $792,722, and
this was offset by a reduction of $671,031 in expenses,
leaving the loss in net only $121,691; on the lines west
of Pittsburg and Erie the decrease in gro3S is $608,223/
which was attended by a reduction of $583,820 ill
expenses, leaving the loss in net but $24,403. Oil
the combined system, therefore, the loss in gross has
been $1,400,945 and in net $146,094. How much
better this is than for the months preceding will
appear when we say that for June tha falling off for the
combined system was as much as $2,784,583 in gross
and $1,258,424 in net, and for May $2*904,188 in gross
and $1,685,595 in net. Nor are we comparing with
heavily diminished earnings last year; gross then showed
only a small loss and the net actually increased, though

TH E

362

CHRONICLE.

it is proper to state .that at that time comparison was
with'the period of the Homestead troubles in 1892.
The following gives the results for the Eastern lines for
a series of years past.
LINES EAST OF
P it t s b u r g .

1894.

1893.

1892.

1891.

1890.

1889.

$
$
$
July.
$
$
$
G ross e a rn in g s ....... 4,759,326 5,552,047 5,578,672 5,679,782 5,374,466 5,241,674
3,386,020
O p e ra t’g e x p e n se s. 3,350,509 4,021,540 4,185,407 3,904,600 4,019,003
N e t e a rn in g s ... 1,408,816 1,530,507 1,393,265 1,775,182 1,355,463 1,855,654

Jan. 1 to July 31.

G ross e a rn in g s ....... 31,007,502 39,437,464 38,274,124 37,155,193 37,332,977 33.245,912
O p e ra t’g e x p e n ses. 22,727,938 29,071,492 28,023,421 26,371,926 27,001,263 22,979,785
N e t e a rn in g s ... 8,279.534 10.365,972 10,250,703 10.783.267 10,331,714 10.266.127

[V O L .

Received by Shipped by
N. Y. Banks• N .Y . Banks.

Week Ending August 31,1894.

LIX,

Net Interior
Movement.

T o t a l g o ld a n d le g a l te n d e r s —

$5,7 1 9 ,0 0 0
4 0 0 ,0 0 0

$ 3 ,2 0 5 ,0 0 0 G aln .$ 2 ,6 1 4 ,0 0 0
1 0 0 ,0 0 0
3 0 0 ,0 0 0 G a in

$ 6 ,1 1 9 ,0 0 0

G ild ...................—______ ____ __ ___

$ 3 ,5 0 5 ,0 0 0 G ain .$ 2 ,6 1 4 ,0 0 0 '

With the Sub-Treasury operations the result is as
follows.
Week Ending August 31, 1894.

Into
Banks.

B a n k s ’ln t e r io r m o v e m e n t, a s a b o v e
S a b - T r e a s u r y o p e r a t i o n s . . . ..............

$8,11 9 ,0 0 0
10,0 0 0 ,0 0 0

T o ta l g o ld a n d l e g a lt e n d e r s .

Out of
Banks.

Net Change in
Bank Holdings.

$ 3 5 0 5 ,0 0 0 G a in .$ 2 ,6 1 4 ,0 0 0
1 7 ,1 0 0 ,0 0 0 L en s. 7 ,1 0 0 ,0 0 0

.. $ T e .ii9 boo $ 2 0 ,6 0 5 ,0 0 0 Lo=S.$4.486,OflO

The following table indicates the amount of bullion
in the principal European banks.
The Chicago Burlington & Quincy for July reports
only $492,779 decrease in gross and but $80,035 de
August 31. 1893.
August 80. 1894.
Bank, of
crease in net. Of the loss in the gross receipts, $364,Silver.
Total.
Gold.
Silver;
Gold.
~£
~
£
£ I £
£
214 came from the passenger business, showing the
E n g la n d ......... 39,886,099’ ................ 39,886.099 26,001,121
effects of the absence of the W orlds Fair travel the F r a n c e ............ 76,110,843 50,714,846 126,830,689 67.754.000 50,974 000
present year.
The St. Paul suffered much more G e rm a n y * __ 37,437,213; 12,145,737 49,582,950 30,139,500 10.016 500
A u s t.-H u n g ’y 12,078,000 15,781,000 28.459.000 10.731.000 16,316,000
severely [than the Quincy, and has a loss S p a in __ . . . . . 7.943.000 9.338.000 17.281.000 7.916.000 6.383.000
e th r l n d
of $814,128 in gross and of $358,164 in net N at.Beelgaiu ms*. 4.529.000 6.912.000 11.441.000 2.357.000 6.979.000
N
2,934,667 1,467,333 4,402,000 2,716,667 1.353,333
for the month.
The Chicago Burlington & T o t.th is w eek 181,523,822 96,358,916 277,882,738 147,618,288 92,089,833
Northern has $72,027 decrease in gross and T o t. p rev . w ’k 179,085,431 96,123,355 275,208,786 147,466,520, 92,324,917,
$52,891 decrease in net. The Wabash of course was * The division (betw een gold an d silver) given in o u r ta b le of co in
an d bullion in th e B ank of G erm any a n d th e B ank of Belgium is m a d e
very greatly affected by the strike; it has a loss of from th e b est e stim a te we a re able to o b ta in ; in n e ith e r ease is i t
$387,182 in gross and a loss of $126,633 in net. The claim ed to b e ac c u ra te , as those b anks m ake no d istin ctio n in th e ir
w eekly re tu rn s , m erely re p o rtin g th e to ta l gold an d silver, b u t w e
Cleveland Cincinnati Chicago & St. Louis likewise suf believe th e division w e m ake is a close ap p ro x im atio n .
fered severely from the strike, and reports $283,690 N o t e .—We receive th e foregoing re su lts w eekly by cable, a n d w hile
decrease in gross and $131,858 decrease in net. The n o t a ll of th e d a te given a t th e h ead of th e colum n, th e y a re th e re tu rn s issued n e a re s t to t h a t d a te —th a t is, th e la te s t re p o rte d figures.
Erie has quite a large loss in gross—$494,436—but this
was met by a still larger reduction in expenses, leaving
a gain of $40,797 in net. The Erie is both an important THE INTER-STATE COMMERCE STATISTI
trunk line and a large anthracite carrier. The Central
CAL REPORT—CONDITION OF THE
of New Jersey, another anthracite carrier, has fallen
RAILROAD INDUSTRY.
$160,506 behind in its gross and $137,719 in its net.
The Statistician of the Inter-State Commerce Com
The Philadelphia & Reading on the other hand has a
mission has furnished advance sheets of the introduc
very good statem ent; for the Railroad Company there
tory to his sixth annual statistical report. The com
is a decrease of only $88,364 in gross receipts and an
plete volume giving the figures and details for the sep
increase of $7,702 in net, and for the Coal & Iron Com
arate roads is not yet ready, but the introductory con
pany a decrease of $526 in gross and a gain of $58,271
tains all the various summaries for the country as a
in net. The Chesapeake & Ohio, with $45,662 de
whole and for the different geographical divisions into
crease in gross, has $5,929 increase in net, and the Kan
which the country, according to the Statistician’s classifi
sas City Fort Scott & Memphis, with $10,465 decrease
cation, is divided, and therefore furnishes an interest
in gross has $64,118 increase in net. Among
ing exhibit of the operations, magnitude and condition
other roads, the Canadian*Pacific has $345,658 decrease
of the railway system of the United States—a system:
in gross and $215,669 decrease in n e t; the Northern
of vast extent, and which as an element in the general
Central $66,247 decrease in gross, $7,018 decrease in
situation excels in importance every other industrial
net. In some cases the losses* this year are in addition
factor. In support of this latter statement it is only
to losses last year, and in view of the importance of
necessary to say that the report shows 176,461 miles of
knowing how the 1894 results compare not only with
road in operation, that gross earnings on 169,779 miles
1893 but with the years preceding, we have prepared
of this from which returns were secured were 1,220"
the following statement, giving the gross and net
million dollars and net earnings 392 million dollars,
earnings of ten leading roads back to 1891.
that the balance-eheet covering 161,258 miles shows an
,
-------------- July Earnings. -------------‘
-------- ,
aggregate of 4,630 millions capital stock and 5,266
1894.
1893.
1892.
1891.
$
Name of road.
8
$
$
millions of funded debt, besides 604 millions of current
1,863,237
1,796,095
C an a d ian P acific................. .G ross 1,517,609
1,680,592
476,268
N et
690,937
681,943
662,421 liabilities.
1,281,469
1,247,528
C e n tra l'o f N ew J e r s e y ....... .G ross 1,120,963
1,331,528
Of course it will not be supposed that the figures
404,033
541,752
N et
528,077
597,870
809,452
855,114
877,216
864,112
C h esap e ak e & O hio..............
cover the fiscal year ending June 30, 1894. Such
N et
299:304
293,375
301,796
236,769
102,846
174,873
150,562
C hicago B u rl. & N o r th e r n .., .G ross
163,511 complete statistics so soon after the close of the year
12,116
N et
65,007
34,080
33,523
2,456,595
2,949,374
C hicago B u rl. & Q u in c y ....
3,214,136
2,761,495 to which they relate would be out of the question.
N et
843,362
928,398
1,096,077
1,130,467 The results cover the previous fiscal year— that endings
2,593,355
C hicago M il. & S t. P a u l— .G ross 1,779,226
2,862,586
2,462,066
The report is very extended and com
378,170
736,334
N et
906,401
783,642 June 30, 1893.
921,562
1,205,252
1,266,750
C leve, Cin, Chic. & St. L ....
1,232,675
prehensive, embracing a great variety and diversity of'
104,719
N et
236,577
234,637
355,390
2,784,659
N . V. L ak e E rie & W e s t .... .G ross 2,020,224
2,818,392 matter, and that fact, together with the further cir
2,514,660
N et
563,019
525,221
983,025
1,102,921
499,918
566,165
N o rth e rn C e n tra l................
587,686
566,194 cumstance that many of the roads are tardy in filing146.549
153,567
N et
168,298
165,423
their returns, will explain the length of time required
763,601
1,150,783
1,115,302
W a b a s h ................. .........
1,291,851
.N e t
11.6,936
243,570
240,329
340.854 to get it out.
It is issued earlier than any previous
The following gives the week’s movements of monej report, and in our estimation it is also an improve
ment on any preceding compilation.
When the*
to and from the interior by the New York banks.




S e p t e m b e r 1 ,1 8 9 4 .]

THE CHROJN LCLE.

Statistician last February furnished to the press some
fragmentary returns for this same fiscal year, we took
occasion to criticise the figures as inaccurate and mis
leading. Though, as already stated, the introduc
tory to the complete statement now submitted does
not contain the figures for the separate roads, we
presume the inaccuracies then noted have been elimi
nated. We regard the report an improvement mainly,
however, because it contains more of fact and less of
opinion than the previous issues. The Statistician has
been particularly unfortunate heretofore in his deduc
tions and expressions of opinion. There are very few
reflections of any kind in this latest work, a fact which
does not detract from its usefulness.
In just one place the Statistician ventures an opin
ion, and there the same ill-fate has followed
him as in his previous efforts. We refer to
the fact that in speaking of the increase in mile
age for 1892-93, which he gives at 4,897 miles,
against 3,160 miles for 1891-92, he says it “ probably
indicates a turn in the curve of railway construction.”
So far from its indicating a turn, the new railroad con
struction for the twelve months succeeding (that is, the
fiscal year ending June 30, 1894,) dropped, as every
one knows, to the lowest figures reached in a long
time past. Nor was the prediction made at the
beginning of that fiscal year, before one could see the
widespread influence of the panic and other circum
stances in checking the building of new roads. The
Statistician is writing under date of June 30, 1894—
only two months ago. The lapse is particularly to be
regretted because it conveys the impression that the
Statistician is not keeping informed as to current
events, and thus is not so well fitted as he might be to
interpret correctly the compilations and mass of
figures prepared under his direction.
We shall not attempt any extended review of the
facts and figures contained in the report. But there
are one or two features which the statistics bring out
bearing on the existing situation of railway affairs that
deserve to be put prominently before public notice at
this time. In view of the disastrous experience of the
railroads in the late fiscal year (that for 1893-4), the
results for that year, could we obtain them thus early,
would have more interest than those for the preceding
fiscal year, covered by the present report. We need not
dilate upon the trying character of the last twelve months
—the tremendous losses in earnings which have been sus
tained, the numerous defaults and receiverships which
have marked the period, and the large proportion of
the mileage in certain sections which at the present
time is under the protection of the courts. Some idea
of the extent of the falling off in the gross revenues
may be obtained from a statement which we give in a
subsequent article, showing a loss during merely the
six months to June 30, 1894, of over 100 million dol
lars. To be sure, the period has been one of extraor
dinary business depression—in many respects the most
extraordinary, as we have frequently pointed out, in
our whole industrial history—and every branch of trade
and business has suffered severely from the adverse con
ditions prevailing.
But as it happens, the railroad carrying interest
proved itself least able of all the great industries to
endure the pressure, and has passed through the crisis
to less advantage than any other. Even before the
heavy losses in earnings occurred many of the largest
systems in the West were forced to succumb and found
themselves obliged to seek the shelter of the courts.




In other words, they went down before the first breath
of adversity. The reasons for this are well known to
our readers and have been many times set out in these
columns. The railroad industry was allowed only a
bare subsistence even in the period of prosperity;
hence when the bad times came those roads which
had found the struggle a hard one under more favor
able conditions (and there were unfortunately a good
many such) quickly went to the wall.
It is in showing the low estate to which the carrying
interest had fallen even before the panic and the host
of other disastrous events which have distinguished
the last twelve months had developed, that the figures
in the present report of the Inter-State Statisticiah
to June 30, 1893, are especially useful. Take for
instance the matter of the rate of return earned on the
stock of United States railroads. From the report it
appears that while the aggregate of the share capital
of the railroads of the country on June 30,
1893, was 4,669 million dollars, no less than
2,859
millions of this, or 61*24 per cent
of the whole, received in the year covered by the re
port no return whatever in the shape of dividends.
While such a result is not a surprise, being exactly in
accord with previous knowledge regarding the situation,
the fact is nevertheless a significant one. For it is of
course obvious that with 2,859 millions of stock re
ceiving no dividends, the companies represented by this
capital were in the condition where earnings were only
sufficient to meet fixed charges, so that with any
diminution in these earnings the solvency of the com
panies was necessarily endangered and bankruptcy
made inevitable—just as has happened.
Incidentally another point of interest comes up in
connection with this question of the amount of stock
receiving no dividends. It will be remembered that
last December the Inter-State Commerce Commission-,
in their annual report, made the remarkable statement
that “ the amount of stock paying no dividend had
considerably decreased since 1888,” etc. We demon
strated at the time that that statement was utterly at
variance with the facts, and showed that according to
the figures of the Statistician, so far from there
having been a considerable decrease since 1888 in
the amount of stock paying no dividends, there had
been no decrease at all. The figures then had
had been brought down only to June 30, 1892, and we
give our reasons for thinking that the report to June
30, 1893, when made up, would reveal a further increase
in the aggregate of non-dividend paying stock. The
figures now before us bear out this assertion. For
while, as already stated, the amount of such stock for
1892 93 is found to be'2,859 million dollars, or 61*24
per cent of the whole, for 1891-92 the aggregate was
only 2,807 millions, or 60*60 per cent, and for 1890-91
2,654 millions, or 59*64 per cent. In the following we
give the comparisons back to 1888, as they are of con
siderable interest, adding also for each year the mile
age on which the figures are based.
Year
"Ending
J u n e 30.
1888.......
1889.......
Ì 8 9 0 .......
1891
189 2
1893

Miles o f
R oad Repre
sented.
....1 3 6 ,8 8 3
....1 5 3 ,3 8 5
....1 5 6 ,4 0 4
....1 6 1 ,2 7 5
__________
....1 6 2 ,3 9 7
....................
....1 6 9 ,7 7 9
....................

Total
Stock.
3,864,468,055
4,251,190,719
4,409,658,485
4,450.649.027
4,633,108,763
4,668,935,418

Am ount
P aging
N othing.

$

2.374,200,006
2,621,439,792
2,811,526,552
2,654,258,391
2,807,403,326
2,859,334,572

P .O . Of
"Whole.
61-44
61-67
63 76
5960- 60
61-24

The foregoing represents simply the stock receiving
no return. In addition 743 millions of bonds got no re
turn out of an aggregate of 5,163 millions of funded
debt, being 14*39 per cent of the whole. Of stoek and

64

354

THE CHRONICLE.
■■

rvoL. l i x ,

1
1
1 - 1 1"
1
1
......---------------------pressive and oppressive policy towards the carriers ha
been pursued all too long, to the disadvantage of our
whole trade and population. A more enlightened pol
icy now will speed the coming of the day of the revival
of business prosperity.

bonds together, therefore, no less than 3,602 million
dollars out of a total of 9,832 millions failed of any in
come in the year covered by the figures. And this was
the situation fourteen months ago, before the numerous
defaults on various issues of bonds by several of the
largest systems in the country had occurred. It can
be easily imagined what the showing would be if we
100 MILLION’ LOSS I N S IX MONTHS.
S
had the figures for a year later, or up to June 30,
We supplement to-day our statement of the . gross
and net earnings of United States railroads for the first
1894.
Moreover, even with 3,602 millions of stock and half of the current calendar year, as given last week,
debt forced to go without any return, the income by a further statement intended to furnish a closer
account for the year makes by no means a satisfactory approximation of the loss in gross receipts which
ehowing. It might be supposed that at least there occurred during this period of time. Our statement
Would be a fair surplus over and above the charges and last week embraced only such roads as make reports of
dividends actually paid. But it appears that with both gross and net earnings.
There are a good many
1,220 million dollars of gross earnings, after taking other roads which report merely the gross earnings
cut such charges and dividends and the ordinary operat alone. Our purpose to-day is to combine the latter
ing expenses, there was left a surplus of only a little with the former, with the idea of indicating what the
over 8 million dollars, being the smallest amount of sur loss in gross earnings has been on the whole body of
plus for any recent year. In some sections the roads roads.
earned practically nothing, or next to nothing, on
The total of the gross earnings in last week’s state
their share capital. Thus in Group IX ., composed of ment was $350,945,696 for the six months of 1894,
Texas, Louisiana and apart of New Mexico, where the against $419,735,757 for the six months of 1893, the
share capital is $234,487,269, $234,447,919, or 99’99 miles of road reported on being 112,570 miles in 1894
per cent of the whole, received nothing. In Group and 111,165 miles in 1893. But this included a few
V III., comprising the Southwestern States except roads for only five months of the year instead of for
those embraced in the group already mentioned, 444 the full six months. Adding in these cases the results
millions out of 506 millions had to forego returns, and for June, to make the half-year complete, the aggregate
in Group X., comprising the Pacific States, 432 millions gross receipts for 1894 are raised to $357,201,483 and the
cut of 535 millions occupied the same position. Even aggregate for 1893 to $427,934,491. Starting with
in the Middle Western group, composed of Ohio, Indiana these totals, we give in the following all other roads
and Michigan, 52-66 per cent of the stock outstanding for which we have rettirns for the half-year of 1894
obtained no dividends.
and 1893.
This being the situation before the panic came, is it
GROSS EA R N IN G S O F U N ITE D STATES RAILW AYS,
JA N U A R Y 1 TO JU N E 30.
any wonder that with the first puff of adversity large
numbers of roads became embarrassed. The trouble
Increase. Decrease.
1894.
1893.
heretofore has been not in a lack of traffic (for the vol
9
$
$
9
70,733,008
rt.
ume of both the passenger and the freight movements P re y , re p oGt. (179 rds.) 357,201,483 427,934,491
224,962
877,962
A labam a
Southern
653,000
920,608
8,319,487
kept steadily expanding), but in the continued decline Chicago & E ast. I l ls ... 7,398.879 2,120,417
645,069
1,475,348
1,075,590
372,620
1,448,210
in rates. This point is well illustrated in the results
396,461
1,674,476
2,070,937
Chicago G t. W estern ..
2,106,132
ior 1892-93, showing a further diminution in the year Chicago & N o rth w est. 13,966,788 16,072,920
128,728
425,794
554,522
Chic. Peo. & St. L ouis.
961,747
under review in freight and passenger rates alike, and Chic. Rock Isl. & P ac. 8,032,807 8,994,554
324,173
3,866,271
3,542,098
Chio. 8t. P. M inn. & 0 .
reducing the average on freight to only 878 thou Cin. Georg. & P o r ts ...
90
31,729
31,819
1,893
4,906
6,799
Colum bus & M aysville.
sandths of a cent per ton per mile; and this is
7,667
10,555
• 2,888
288,154
741,943
1,030,097
D ul So.
the average for the whole country, and cov E a s tT e nShore & AGtl... 2,474,103 2,873,486
399,383
n Va. & a ..
51,523
126,531
178,054
E vans.
ers all classes of freight, local and through, E vans. & Indianapolis.
18,846
70,362
51,516
& R ich m o n d ...
84,837
524,920
609,757
v
T
H aute
long-haul and short-haul, and high-class and low-class. E t. an s. & &erre G rande
120,220
69,310
189,530
F W orth Rio
331,532
242,574
91,958
Ga. C arolina
The conditions now have changed as far as the volume Gt. N orthern & N orth. 5,255,561 6,979,741
1,724,180
(3 roads)
6,209
56,800
63,009
H
esto n & S hend’h
of traffic is concerned.
Growth has stopped, for the Inu m& G reat N orthern.. 1,413,941 1,995,210
581,269
t.
1,230,857
1,110,168
120,689
In te
time being at least, and a retrograde movement has K an.ro c e a n ic ................
103,220
155,425
52,205
City P itts & G ulf
107,018
2,777
109,795
K an. City Sub. B e lt....
taken place.
158,962
7,795
151,167
K an. City & N orthw est
973
6,710
5,737
K an.
eatrice
The need then for better rates, urgent before, is now Louisv.City & B& St. L
193,051
679,415
872,466
E vans.
293,011
49,693
342,704
Imperative. So far as the low rates are the result of Louisville S o u th e rn ...
119,212
615,966
735,178
M em phis & C harleston
1,589,224
1,576,092
13,132
cutting among the railroads themselves, the remedy is
85,888
41,369
127,257
493,033
within their own hands. So far as such rates are the Mo. K ans & T e x a s___ 4,178,598 4,671,631
2,066,801
Mo. Pacific & Iro n M t. 10,667,243 12,734,044
141,591
14,283
result of hostile action on the part of the public, Mobile & B irm ingham .
127,308
2,123
61,393
63,516
N. Y. & Rock. B e ach ..
a broader and more liberal policy by the people N o rth ern A dirondack.
8,122
56,091
64,213
6,152,074
3,475,470
9,627,544
will have to be pursued.
The events of the Oconee W e s t e r n .......
15,589
7,317
8,272
368,382
49,3.26
319.256
Ogden. & L
Cham pi.
last twelve or eighteen months have demonstrated how P eo ria Dec.ake E vansv.
432,773
55,677
377,096
&
30,052
168,687
198,739
P itts. Shen. & L. E rie.
Important it is to the general welfare of all our indus P itts. <fc W estern(3 rds) 1,000,499 1,304,159
303,660
11,519
47,574
59,093
P ros. P’k & Coney Isld
tries that the interests of the railroad industry should St. L. K enn. & South’n.
466
13,315
13,781
464,429
1,958,491
2,422,920
St. Louis S outhw estern
be studied and advanced. The Inter-State report Silver t o n ......................
10.097
14,506
24,603
.. ..
679,049
91,410
587,639
shows 873,602 persons directly in the employ of the
357,326
2,928,070
3.285,396
651,397
228,109
879,506
Tol. St. L. & K ans. City
railroads; in addition hundreds of thousands of others W heeling & L ake E rie.
216,899
528,387
745,286
are indirectly dependent upon the condition of things
381,417 88,295,825
T otal (234 rds.) . . . 441,397,290| 529,311,698
87,914,408
in that industry. In order that all these persons shall N et dec. (16-61 p. o.)..
2,246
153,3351
151,089
enjoy full employment and satisfactory wages the rail Miles of ro a d .............. ...
roads themselves must be allowed adequate compensa
If our previous statement revealed striking results,
tion for the transportation services rendered. A re- the present exhibit reveals results
still moro




S e p t e m b e r 1, 1894.]

THE

striking, for it tells us that the 234 roads included in
the comparison fell nearly 88 million dollars behind
($37,914,408) in their gros3 earnings as CDmpired with
the corresponding six months of 1893. In ratio the
decrease is 16-61 per cent. The aggregates are very
large, being 441 million dollars for 1894 and 529 mill
ion dollars for 1893, which indicates the comprehen
sive nature of the statement, as doe3 the farther fact
that the figures are based on no less than 153,335 miles
of road for 1894 and 151,089 miles for 1893. In
giving an early statement for the half-year in
our issue of July 14, we estimated, on the
basis of the returns received up to that date,
that the loss for the whole railroad system of the coun
try during the six months could not have been much
less than 100 million dollars, if it did not exceed that
figure. The fact that we now have a loss of 88 million
dollars on 153,335 miles of road, a few thousand miles
of which represents Mexican and Canadian roads,
and that the aggregate mileage of the country is about
178,000 miles, indicates that the estimate was well
within the mark. This view is further confirmed
when we bear in mind that among the missing roads
are included a few roads of considerable size which
must have lost heavily, like the Lehigh Valley and the
Hew York Hew Haven & Hartford.
Accepting 100 million dollars as a measure of the
loss sustained, we get an idea of the intensity of the
depressing influences under which the railroad trans
portation business suffered daring the six months.
The extent of this loss also indicates that it was itself
one of the most important factors in the general de
pression of trade and industry, for the effect of such
a shortage of revenues upon every branch and depart
ment of mercantile activity, in curtailing the spending
power of the roads, is of course too obvious to need
mention. The losses in earniags have b3en distributed
among the roads all over the country, but a few of the
large systems have sustained phenomenal decreases.
Thus the Pennsylvania (Eastern and Western lines
combined) has fallen over 12^ million dollars behind,
the Atchison and the Union Pacific each over five
million dollars, the Barlington & Q aincy 3 f millions,
the Horthern Pacific 3£ millions, the Erie over
three millions, the Reading nearly three millions,
the Hew York Central 2£ millions, the Baltimore &
Ohio 2 f millions, the So. Paul, the Lake Shore and the
Southern Pacific each 2 i millions, the Missouri Pacific
and the Chicago & Horth Western each over two millions,
the Great Horthern I f millions, the Louisville & Hashville 1^ millions, etc., etc. In view of the importance
of having a complete record of these losses,we bring for
ward our summary of last week, corrected so as to em
brace the additional roads reported this week. The
statement is intended to show losses amounting to
$200,000 or over. We also give the gains on the same
basis, but it will be observed there are only two of
these latter, namely the Mexican Central and the
Florida Central & Peninsular, the last mentioned road
having operated considerably more mileage the present
year.
PRINCIPAL CHANGES IN G R O S S EARNINGS IN 6 M O N T H S .

Increases.
F la. Cent. & P e n i n ....
M exican C e n tra l.........

$440,557
234,849

T o ta l (rep resen t’g
2 roads) ..............

$675,406

P e n n sy lv a n ia ! (3 rd s.).$12,273,606
A tch.Top.& S.Fe(2rd8) 5,336,958
U nion Pacific (11 r ’ds) 5,161,815
CMo. B url. & Q uincy.. 3,815,869
N o rth ern P acific....... . 3,475,470




D ecreases.
N. Y. L. E. & W estern.
P hila. & R. an d C & I..
N. Y. C e n tra l................
B alt. & Ohio (2 rd s .)..
Chic. Mil. & St. P a u l..
S outhern Pac. (6 rds.).
L ake Sh. & Mich. S o..
Chic. & N orthw estern.
Mo. Pacific & Iron M t.
G t. N orthern (3 rd s .)..
L ouisville & N ashville

35 5

CHRONICLE.

$3,109,301
2,902,551
2,869,958
2,800,559
2,532,089
2,468,235
2,434,339
2,106,132
2,066.801
1,724,180
1,500,298

D ecreases.
Illinois C e n tr a l . . . . . . . $1 383,505
C entral of N. J . . . .
381,581
Mich. C. an d Can. S o..
,381,000
C anadian Pacific ___
,322,228
D enver & Rio G r . . . . . .
,255,866
W abash .........................
,196,561
976,695
G rand T ru n k . ............
Chic. R. I. & P acific...
961,747
B oston & M a in e ........ .
920.608
C hesapeake & O h io ...
822,411
N o rth ern C e n tr a l ._
_
797,404
Clev. Cin. Chic. & St.L.
755,617
Chic. & E ast Ills...........
645,069
N. Y. & New E n g lan d .
625,314
B oston & A lbany.........
619,362
M a n h attan E le v a te d ..
609.608
Del. L ack. & W estern.
607,046
N. Y. Chic, & St. L . . . .
606,753
531,269
In t. & G t. N o rth e rn ...
Buffalo Roch. & P itts .
573,332
Cin. N.O. & T.P. (4 r ’d s).
554,039
Mo. K ans. & T e x a s ....
493,033
488,202
F itc h b u r g .....................
W est. N. Y. & P e n n ...
482,198
St. L ouis S o u th w est...
464,429
441,419
Del. & H udson (3 r ’ds)
E . T enn. V a & G a ... .
399,383
396,461
Chicago Gt. W estern ..

TIPPl'Ail flag
Chic. B url. < N orth’n .
fc
Chicago & E rie ...............
A llegheny V alley___.
T exas & P a c if ic ...........
Gr. Rap.& In d . *4 r ’ds)
K an. C. Ft. S & M em.
Sum. Br. & I.y. V alley.
Chic. St. P . M. & O .. . .
Chic. & G ran d T ru n k ..
Louisv. N. Alb. & Chic
P itts. & W est, (3 rds ).
Tol. & Ohio C e n tr a l...
L ake E rie & W estern.;
Dul. 8. Shore & A tl . . .
Rich. & Dauv. (4 r ’d s).
F lin t & P ere M arq’tte .
Tol. St. L & K an. City.
Ala. Gt. S o u th ern . . . .
N orfolk & W e s te rn ....
W heeling & L. E rie . . .
N ashv. C hatt. & St. L.
Ches. Ohio & So’w est..
Chic. & W est Mich. . . .
St. P aul & D u lu th ...* .

$ 3 7 8 ,547~
372,620372,597'■
357,326;
353,742
347,663;
333,644
324,173:
322,239»
3 0 8 ,8 5 0
303,660
2 9 7 ,3 9 2
2 97 ,9 0 6
288,154
287,90T
277,639»
228,109»
2 2 4 ,9 6 2 .
2 2 1 ,6 4 *
21 6 ,8 9 0
205,817?
2 0 3 ,6 9 *
200,97T
2 0 0 ,3 6 6

T otal (rep resen t’g
104 ro ad s)...........$85,246,78 6

t The gross on E a ste rn lines decreased $7,637,240 a n d on W ester a .
lines decreased $4,636,366.

Tne foregoing record will always stand as marking;
the most disastrous period ever experienced by U n ited
States railroads and United States industries. Before»
the event, such a tremendous curtailment of the rev
enues of the roads would have been conceived impos
sible. Happily the outlook is now for a recovery in
the immediate future of a part at least of this loss..

JA PA N E SE PROGRESS—A

NEW TR E A TY.

It is interesting to notice that notwithstanding th e
present trouble with China, Japan, faithful to th e
policy on which she has entered, has made another
step in advance and won her right to recognition as a.
fally civilized power. A highly important piece o f
news comes to us from Washington to the effect that a.
new treaty has been negotiated between Great Britain
and Japan and that similar treaties are about to beratified.between Japan and the United States and with
other of the European powers. By the treaty con
cluded between Great Britain and Japan the formerabandons all claim to what is known as extra-territorial
jurisdiction; and when the example of Great Britain
shall have been followed by the other powers Japan
will have resumed entire control of judicial matters
within her own territory.
This peaceful victory won by Japan is much more»
important than appears on the surface. The righ t
claimed by the so-called civilized nations to extra-ter
ritorial jurisdiction has always been limited to barbar
ous and semi-barbarous countries, where the principles
of law and justice were imperfectly understood and
where there was reason to fear that as the result of
ignorance and prejudice fair play, when the interests
of the citizens of such civilized nations were at stake
might not be the rule. By virtue of treaties which have»
now existed for many years, most of the civilized nations
have had courts in connection with their respective
consulates where justice was administered as between
their own citizens and between their own citizens an d
the natives of the semi-civilized or barbarous coun
tries. Extra-territorial jurisdiction as claimed and
exercised by the foreigners has not been peculiar to
Japan but common to her with many other countries
similarly situated. But from the first Japan has been
exceedingly restive under the arrangement, regarding
it as unnecessary outside interference; and by the en conragement of education, by conforming her laws to
l
I Western standards, and by training men specially for
1
[ the judicial bench, she has labored to give evidence»
:
that in the administration of justice as in all other
'
matters she is in no need of foreign assistance. This

356

THE CHK0N1CLE.

new movement of Japan finally completed, treaties
having been signed with the other leading powers as
well as with G-reat Britain, she will take her place free
and unfettered among the civilized nations of these
modern times.
Much of the interest connected with this new treaty
■arrangement arises from the fact that it is the latest in
a series of progressive movements which are without
parallel in the history of nations. Away back in the
sixteenth century and in the early part of the seven
teenth Japan was giving evidence that she would soon
•emerge from the darkness and superstition of the East
and begin to reap the full benefit of Christian light and
•civilization. But the sudden and general uprising of
the people in 1638, followed as that was by the expul
sion of the Portuguese and the wiping out of every
trace of Christianity, baffled all good hopes; and Japan
shut herself up, refusing for a period of 216 years to
have any intercourse with the rest of the world. It was
not until 1853, when the guns of Commodore Perry
compelled her to open her ports, that she was again
brought into contact with the outside communities. In
March 1854 she signed a treaty with the United States.
Treaties were also concluded with the other great
Powers. By virtue of these treaties several Japanese
ports—Yokohama, Hiogo, Nigata and Hakodate—were
thrown open to commerce, “ settlements” or quarters
being set apart for foreigners, under the jurisdiction
of their own consuls. A limit of travel of 25 miles radius
was also granted, and Yeddo and Osaka being within
this radius, the former of Yokohama and the latter of
Hiogo, were included in the foreign settlements. With
the opening of those ports and the setting apart of
those settlements or quarters began the extra territorial
system which has lasted up to the present, but against
which the Japanese have never ceased to protest.
This was the beginning of the new era. Foreigners
multiplied and foreign influence increased. The Jap
anese began to turn their eyes upon their own affairs.
It was felt that there was need for reform. The revo
lution of 1868 made an end of the power of the Shogun ;
and bringing the Mikado out of his compulsory seclu
sion secured to him his rights as legitimate ruler of the
realm. Changes, as every reader knows, of the most
radical and beneficial kind have followed in rapid suc
cession and in every sphere of government, until
now there is scarcely a single feature which is dis
tinctive of the civilized governments of Europe and
America not t© be seen in a high state of
practical efficiency in Japan. Railroads, telegraphs,
all the best features of our post-office system, schools,
colleges, are all carefully attended to. The army and
navy, as everybody knows, challenge comparison with
those of many of the older European powers. It was
in February 1889 that the new popular Constitution
was promulgated; and since that time Japan has had
all the advantages supposed to be inseparable from
parliamentary government based upon popular rights.
There are two Houses of Parliament—the Upper and
the Lower, constituting the Imperial Diet. There is
also a Privy Council, who deliberate upon important
matters of state when they have been consulted by the
Emperor. The executive powers are exercised by the
Emperor with the advice and assistance of the Cabinet
Ministers. As a further proof of Japanese progress, the
country enjoys complete religious liberty. What a con
trast does the Japan of to-day present to the Japan of
1868, as yet under the blighting absolutism of the
Shogun ! Such strides in a forward and upward direc




[Vol. LIX.

tion, it is safe to say, were never before made by any
people in the same space of time. It is not wonderful
that the Powers should be willing to abandon their
claims to extra-territorial jurisdiction.
It deserved to be noted that during these years of
rapid reform the Japanese have never ceased to com
plain of the privileges which the foreigners enjoyed
by treaty arrangements to intermeddle with the ad
ministration of justice. Attempts have again and
again been made to have the treaties revised.
In 1887 negotiations with that end in view were
making satisfactory progress; but they were broken
off in consequence of an outbreak of dissatisfaction
on the part cf the people. In 1889 arrange
ments were made for the abolition of extra-territorial
jurisdiction under certain restrictions.
The new
treaties with the United States, Great Britain and
Russia were jto come into effect in the following year.
A strong opposition, however, was again manifested by
the people, who were against any kind of treaty ar
rangement which did not make an end of all foreign
interference in the affairs of the country. The result
was that this fresh attempt at revision also came to
naught. It would now appear as if success were about
to come at last.

SOUTHERN PACIFIC RAILROAD OF
CALIFORNIA.
It illustrates how very large some of the railroad
systems of the United States have become, and how
great and important are the investment interests in
them, when a company like the Southern Pacific Com
pany finds itself obliged to issue separate pamphlet
reports for some of its constituent companies in addi
tion to its general report covering all the companies
and in which the operations of the constituent companie s
are set out at length. This explains the appearance
this week of the report of the Southern Pacific Rail
road of California for the calendar year 1893. Many
of the facts and information in thi3 report have
already been given in the report of the parent com
pany, the Southern Pacific Company. But it has
been found that investors appeared to have difficulty
in picking out of the general mass of statistics the in
formation relating to the particular road in which
they happened to be interested. Hence it has been
thought that a separate and distinct report giving
complete details would supply a want among the large
numbers whose only interest is in the securities of the
Southern Pacific of California.
Anything that tends to enlighten security holders
and the public as to the standing and condition of the
property in which they have a personal or a public in
terest is of course to be commended. In this case
there is apparently an additional reason for a separate
report in the similarity of names, which causes some
confusion among those who do not understand
how the companies differ and what property each
covers. Furthermore the Southern Pacific of Cali
fornia has over 50 million dollars of bonds outstanding,
by far the larger part being held abroad, which makes
it especially desirable that its annual statement should
be given by itself. In this sense the Southern Pacific
managers are pursuing a policy of enlightenel self in 
terest in taking special pains to bring the facts regard
ing the various properties under their control prom
inently before the public. Such a course, too, tends to
promote the corporate credit of the companies—a fact

THE

S e p t e m b e r 1, 1894.]

CHRONICLE,

of course which is of advantage to the companies them
selves and to those having moneyed interests in them.
The present report is signed by William Mahl, the
Second Assistant to the President of the road, and who
has charge of the accounts and directs the prepar
ation of the statistical work of all the various
Southern Pacific roads. The fact of most im
portance in the report is that it shows the
Southern Pacific of California to be possessed of
good earning capacity. The road was leased to the
Southern Pacific Company, along with the Southern
Pacific Railroad of Arizona, the Southern Pacific Rail
road of New Mexico, the Louisiana Western and Mor
gan^ Louisiana & Texas properties, under the general
omnibus lease of 1885, and comprises 1,861 miles of road
in California, of which, however, 242£ miles (between
Mojave and the Needles) is leased to the Atlantic &
Pacific for an annual rental of $436,266. The capital
stock of the company is $67,895,900, of which no less
than $65,114,950 is owned by the Southern Pacific
Company. The amount of the bonds outstanding is
$50,794,500.
Under the terms of the lease to the Southern Pacific
Company, the lessor pays the operating expenses, taxes
and interest on the bonded indebtedness of the leased
road, and, furthermore, pays over to the lessor 44 per
cent of the net profits remaining from the operation of
all the roads embraced in the omnibus lease. For
the year 1893 the proportion of the net profits
amounted to $1,164,741.
It appears from the
profit and loss statement that in addition to
this net profit from the lease, the company
derived $1,467,102 proceeds from land sales during the
twelve months, in cash or deferred payments, which,
however, was applicable to the redemption of bonds.
After adding the accumulated surplus standing to the
credit of profit and loss at the beginning of 1893, name
ly $2,785,157, and allowing for expenses and taxes for
account of the land grant, and certain small receipts
in adjustment of accounts, the company had an avail
able surplus of $3,795,635 (not counting the proceeds
of land sales, which, as already stated, are applicable
to bond redemptions); out of this surplus $2,036,445
was paid for a 3 per cent dividend on the stock of the
Southern Pacific of California, and the balance of
$1,759,190 was carried forward.
It may be desired to see what the results are inde
pendent of the lease—that is, what the showing would
be on the basis of the road's own earnings as part of
the Southern Pacific trans-Continental system. In
cluding the rental from the Atlantic & Pacific for the
Mojave division, aggregate gross receipts were $11,146,750, while net earnings after deducting expenses
were $5,080,629. The charges for interest; taxes; &c.,
against these net earnings were only $3,182,418, thus
leaving a surplus on the operations of the twelve
months of $1,898,211.
S t o c k E x c h a n g e C l e a r i n g - H o u s e T r a n s a c t io n s . — The
subjoined statement includes the transactions of the Stock
Exchange Clearing-House from Aug. 20 down to and includ
ing Friday, Aug. 31; also the aggregates for January to August,
inclusive, 1894 and 1893.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.

< Shares, both sides.-— ,-------B alances, one side.-------.Parlies
—
*
•
Cleared. Total Value. Shares. V alue Shares. O ash.O lear'nj
M onth—
*
9
9
J a n ., 1893.
F eb ., 1893.
M ar.,, 1893.
A pr.,i 1893.
M ay , 1S93,

28,514,500
25,108,900
24,591,100
20,802,500
28,209,500




2,004,709,000
1 744 400,000
1,690,000,000
1,421,300,000
1,738,900,000

3,0 90,000
2,587,900
2,703,800
2,311,300
2,809,500

210,700,000
172,701,000
107 900,000
153.300,000
161,110,000

3,300,500
3,529,000
3,784,100
2,331,000
4,870,100

0.839
0.ÌS 1
7,080
6,005
7,200

357

t—
Shares, both sides —
,
Cleared. Total Value.
9

<
------- Balances, one sid e .------ vParties
Shares. Value Shares. Cash. 0 lea p a .
9
9

J u n e ,1893. 17,190,700 1,010,900,000
1,682,000
J u ly , 1893. 19,685,700 1,100,000,000 . 1,796,300
A ug., 1893. 17,509,400
961,300,000
1,470,200
8 m o s ....
J a n ., 1894,
F eb ., 1894.
M ar., 1894.
A pr., 1894.
M ay, 1894.
June.1894.
J u ly , 1894.
A ug.,1894.

181,703,390
18,303,000
12,847,000
10,912,900
14,728,000
19,140,800
13,185,700
10,911,400
18,370,200

90,200,000 1,789,800
88,100,000 2,752,500
73,900,000 2,329,200

0,395

6.015
6,882

11,737,509,000
1,088,600,000
784,800,000
1,076,441,000
868,700,000
1,250,300,000
842,800,000
734,700,000
1,185,400,000

18,421,0001,117,911,000 '24,686,203
1,354,000
69,100,000 2,041,000
1,035,400
56,300,000 1,396,900
1,452,100
81.800,000 1,928,700
1,384,300
77,200.000 1,118,900
1,551,100
91,700.000 1,938,500
1,147,300
65,300,000 1,434,000
938,500
57,070,000 1,328,5 JO
1,580,300
96,900,000 2,101,900

52.571

8 .m o s .... 124,459,600 7,781,741,000

10,413,500 595,270,000 13,098,410

51,010

0,835
5,598
6,581
0,401
6,089
0,088
6,858

6,958

.—Shares, both sides.—> --------Balances, one side.------- .Parlies
Cleared. Total Value. Shares. Value Shares. Oaqh.Clear’ng
9
9
9.
A u g .2 0 .. 1,519,900 91,400,000 131,500 7,900,000 245,800
336
“ 2 1 .. 862,300 59,400,000
90,100 5,800,000 113,500
313
“ 2 2 .. 856,200 52,400,000
70,400 4,600,000 97,900
317
“ 2 3 .. 667,200 35,100,000
68,200 3,300,000 97,600
299
“ 2 4 .. 885,300 56,700,000
79,100 4,800,000 100,100
303
l o t . w k ,.4,790,900 295,000,000 439,300 26,400,000 654,900 1,568
W klastyr2,514,000 141,100,000 237,500 12,200,000 295,300 1,418
Aug. 27. .1,161,700 59,600,000 104,400 5,500,000 146,600
325
« 2 8 -. 969,600 49,800,000
76,400 4,300,000 92,500
307
“ 2 9 .. 682,200 38,700,000
64,400 3,200,000 71,200
302
“ 3 0 .. 922,600 65,000,000
81,300 5,400,000 91,700
320
“ 3 1 .. 750,900 51,800,000
70,600 4,700,000 63,500
305
T>t. w k ..4,487,000 264,900,000
W klastyr4,031,70 0 230,900,000

397,100 23,100,000 465,500 1,559
347,500 17,200,000 510,400 1,520

The stocks cleared now are American Cotton Oil common
American Sugar common, Atchison, Chicago Burlington «
fe
Qiincy, Chicago Gas, Chicago Milwaukee « St. Paul com
fe
mon, Chicago < Northwestern, common, Chicago Rock Island
fc
< Pacific, Delaware Lackawanna < Western, Distilling <
fc
fe
fe
Cattle Feeding, General Electric, Lake Shore & Michigan
Southern, Louisville « Nashville, Manhattan. Missouri
fe
Pacific, New York Ceotral, New Y. L. E. « West., North.
fe
Pac. pref., National Lead common, Phila. < Read.. U n.,
fe
Pac., U. S. Cordage common and preferred and Western
Union.

REVIEW OF PRICES I N AUGUST—STOCKS,
GOVERNMENT BONDS AND
FOREIGN EXCHANGE.
The following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y .
Stock Exchange during the month of August, 1894.
RAILROAD AND MISCELLANEOUS STOCKS.

R ailroads.
Atchison Top. & S.Fe.
A tlantic & P acific....
B altim ore & O hio. . . .
B. & O. S, W., p r e f ...
♦Brooklyn E le v a te d .
Buff. Rbch. & P itt^ b .
B url. <i. R ap. & N o ..
C anadian P acific.. . . .
C anada S outhern_ _
_
C entral of N. J e rs e y ..
C entral Pacific. . ........
Chesapeake & O hio..
Chicago & A lto n .......
Unio. B url. < Q uincy,
fe
Chic. & Eavc. Illinois
P r e i...........................
Ohio. Mil. & St. P a u l.
P r e f ...........................
Onto. & N o rth w e st...
P r e f ...........
Ohio. & Rock is la n d ..
Ohio. S t P .M inn. <feO.
P re f ..........................
Cl. Cin. Chic. & St. L.
P r e f ......... ................
Ool. Hock. VaL & T ol.
P re f ...........................
D elaw are & H udson.
Del. Lack. & W estern
Den. & Rio G ran d e...
P re f ...........................
D es M. & F t. D odge..
P re f ......................... .
*Dul. S. 8. & A tl., pf.
E a s t T enn., all p a id ..
1st p r e f , all p a id ..
2d p ref., all p a id ...
E vansv. & T erre H ..
G reat N orth’n, p re f..
Gr. B. W .& St.P.tr.reo.
P re f. tr u s t receip ts
Illinois C entral...........
Iow a C e n tral......... .
P re f ...........................
K an aw h a & M ic h __
Lake E rie & W est’n ..
P re f ...........................
L ake S hore..................
Long Isla n d ................
L ouisville & N a sh v ..
L. N. Alb. &C. new stk.
P re f...........................

Low. H iah.
3%
7%
1
1%
69% 76%
10
11
11% 18
2018 20%
50
50
63is 68%
48i4 53%
IO 714 116
12
12
16% 21%
112 142
70
79%
54
54
96% 96%
56% 66%
117 121%
102% 108%
142 * 142
62% 69%
34% 39%
111 115
33% 42
85
85
16% 19%
65
61
133 137
162 167%
9% 12%
27% 36
6
6%
34
34
13
13
9% 11%
11% 19
11
13%
43
49
102 103%
3%
5%
12
12
9U% 94%
8% 10%
32% 36
7%
8
15 % 19%
65
72%
1201« 139
89% 89%
45% 57««
7%
9%
23
22%

R ailroad s.
Low. H igh.
M ahoning Coal, pref. 104 104
M anhattan co n so l.... 112 122
M exican C entral. . . .
8%
8%
M ichigan C entral___
95
99%
Minn. s t. L. & tr.reo ts.
4
5%
P re f. tr u s t r eeipts
21%
20
Mo. K an. & T e x a s ...
12% 13%
P r e f . . . . . . . . .............
20
24%
M issouri P acific.. . . . .
31%
M obile* Ohio......... .
17
21%
M orris & E s s e x ....... 154 155%
Nash. Cliaft. & St. L .
65
69
N. Y. Cent. & H ud. R .
96% 102%
S . Y. Ohio. & St. Louis
T
14% 16%
1 st p ref.....................
63
68
2d p re f.....................
27% 30%
N. Y. Lack. & W est’n 115L» 115%
N. Y. L ake E rie & W.
12% 16%
P r e f ...........................
26% 31
N. Y. & N. E . tr . reo.
6
6
2d in sta lm e n t paid.
13% 20%
3d in sta lm e n t p a i l .
25% 28%
N. Y. N .H . & H ......... 180 183%
N. Y. Ont. & W e s t....
14% 17%
*N. Y. P a . & O., pref.
*2
%
N. Y. Susq. & W., new
14
17%
P ref. n e w ................
39% 45%
Norfolk & W estern ...
4%
8%
P re f ...........................
19% 26%
N orthern P acific.......
3% ' 5%
P r e f ..........................
13% 2o%
Ohio S o u th ern ...........
12
17
Oreg. R y. < N av .......
fc
17% 20%
Oreg. Sh. L. & U. N ..
4%
6
Peo. Dee. & E v a n sv .
2%
6%
P eoria & E a s t e r n ....
2%
2%
Phila. & R ead............
17
22%
P. 0. C. & St. L ...........
11% 18%
P re f ...........................
45
49%
P itts. F t. W. & Ohio,. 153 153
P ittsb . & W est., pref.
20
26
R ichm ond T erm n a l—
4 th assessm ’c p aid .
12
12
5 th assess’m t p a id .
14% 18%
P r e f , tr u s t receipts
18
23
Rome W ater & Osrd.. 1 \2
1L4%
St. L. A. & T. H . . . . .
33
33
St. Louis S o u th w est,.
3%
5%
P r e f ............ ..............
7
9%
St. P a u l & D u lu th ...
26
28
P r e f .........................
90
95
St. P a u l M inn, & Man, 101 105

T H E !f CHRONICLE.

^58
R ailroads.
S o u th e rn Pacific Co..
•So. Ry., w hen issued
’ P re f, w hen issued.
T e x a s & Pacific.........
T o l. A n n A. & No. M.
Toledo & Ohio Cent..
P re f ...........................
U nion Pacific......... .
U nion P ao. D. & G ...
W abash.............. .........
P r e f ..................
W heel. & L. E rie .........
P re f ...........................
W isco n sin Cent. Co..
E x p re ss.
<A.dams................(A m erican .............
U n ited S tates ........
W ells, F arg o & Co—
C o a l & M in in s «
«Col. C. & I B e v el _
"Col. F u el & Iro n .....
»Col. & Hock. C. & I . .
-H o m e sta k e ..........
*Leb. &'W .B. C o a l...
M innesota Iro n __
O n ta rio S ilv er .......
«Quicksilver, p r e f ....
.Tenn. Coal & Iro n . ...
V a rio u s .
.Am. Cotton Oil Co....
(Pref .................
■ikmer. Diet. Tel’g h ...
’ Am. S u g ar Refin.Co.
’P re f ............... .

Low. High.
17% 21%
12
13 78
3414 41%
8
10%
4%
6%
34 7g 37
75
75
7 is 14%
6
3
7%
6
1358 1 6 78
9 78 14%
47
218
4%
151
115
54
120

148
111
52
112
8
24%
7%
15
22
48%
7*2
1358
17

9%

26
8
17
22
50
7%
15
19%

27% 34%
78%
71
42
45
102 114%
94
100%

Various.
Amer. Tel. 6c, C able...
*Amer. Tobacco Co..
P re f...........................
B runsw ick Co............
Chicago Gas Comp’y.
Chic. Ju n e . & U. 8 . Y.
Consolidated G as Co.
Dis. & Cat. Feed. Co.
E dison Elec. 111. Co .
G eneral E le ctric.......
Laclede Gas, St. L ...
P r e f . . . ....................
*L. I . T ractio n ...........
’M etro. T raction.......
’ N ational L ead C o ...
’ P re f .................
N ational L in s e e d ....
N ational S ta r c h .....
1 t p re f .............
2 d p r e f ..............
N orth A m erican C o..
Oregon Im prov’t Co.
Pacific M ail ..........
P ullm an P alace C ar.
Tex. Pac. L an d T ru st
U. S C ordage ........
P re f ..................
G u aran teed .......
*U. S. L eath er ........
*P ref .................
U. 8 R ubber Co ......
.
P re f ..................
W estern Union T el..

Low. H igh.
90
92
107
88
10"> 110
4%
3
71% 78%
90
92
115% 127
17% 24%
98% 100%
35% 44%
17
20
67% 74%
14% 17
118 118%
44%
38
92%
83
17
18
8% 12
48
48
3=»
35
4%
3%
11% 16%
14% 17
155 165
11%
10
17% 23
30% 38
60
55
9
li%
55% 64%
4,‘ ^
i
34
90%

84%

96%
90%

* U nlisted .

The range of Government bonds sold at the Stock Exchange
-August was as follows:
RANGE OF GOVERNMENT BONDS IN AUGUST.

4 s9
4 8,
5 8,
2s
1904,
exl.
1907,
1907,
coup.
reg.
reg.
reg.
113%
114
O p en in g ... *96
118
114%
115
118
H ig h e s t. . *97
113%
114
118
L o w e st.... *96
114%
C lo sin g .... *96
115
118
I •*P ric e s bid—no sales d u rin g th e m onth.

5s,
1904,
COUD.
x ll7 %
119
117%
118%

6s,
c.’95.
reg.
101%
101%
101%
101%

6s.
e.’99,
reg.
*112
*113
*112
*112

The following highest and lowest prices are from actua
sales at the New York Stock Exchange:
RANGE OF STATE BONDS IN AUGUST.

Low. High.
So. Car. non-fund. 6s
92
92
.A labam a cur. id. 4s..
Tenn. new settle. 3s.
Class A ..................... 103 103
Do. sm a ll................
95
95
Æiouipi’n a n e w con. 4s.
(No. C arolina 1 9 19 6s. 125% 126% Y a.fd.debt, 2-3s,1991
6s def. tr. ree. s t’d .
3%
3%
Sp. ta x W.N.C. RR.

Low. High.
2
1%
79%
78
75% 75%
58
58%
7%
7%

The daily posted rates for 60 days and demand sterling
exchange in August are given below, it being understood
<&hat bankers’ actual rates are usually a fraction below the
¿prices posted.
BANKERS’ STERLING EXCHANGE (POSTED BATES) FOR AUGUST, 1894.

sAug.

60
days.

, 1 — . 4 88-%
4 88-%
4 88-%
A . . . . 4 S8-%
.......... 8
4 88-%
7 . — 4 88-%
4 88-%
4 87%-S
TO . . . 4 87%~8
. l ì . . . ! 4 87*4-8
'12 ~ .......... S.

De
m and.

Aug

1 3 ...
1 4 ...
1 5 ...
1 6 ...
1 7 ...
4 89-% 1 8 ...
4 89-% 1 9 ..
4 89-% 2 0 ..
4 89-% 2 1 ...
4 88%-9 2 2 ...
4 88%-9 2 3 ...
2 4 ...
4
4
4
4

89-%
t-9-%
89-%
89-%

60
days.

De
m and

60
days.

De
m and.

A ug.

4 87%-8
4 87%
4 87-%
86%-7%
4 86%-7
4 86%-7
.......S .
.
4 86 k.-7
4 86%-7
4 86%-7
4 88%-7
4 86%-7

4 89%-9
4 88%-9
4 89-%
87%-8%
4 87*4-8
4 87%-S

2 5 ....
2 6 ....
2 7 ....
2 8 ....
2 9 ....
3 0 ....
3 1 ....

4
4
4
4
4

86-7
86-7
86-7
86-7
86-7

4
4
4
4
4

87%-8
87%-8
87%-8
87%-8
87%-S

O pen.
High..
Low ..
L a st..

4
4
4
4

88-%
88%
86
86-7

4
4
4
4

89-%
89%
87%
87%-8

4*87%-8
4 87%-8
4 87%-9
4 87%-8
4 87%-8

4 86%-7 4 87%-8

^ o u zta x % ì(& ttn % n x £ x c iK X % u & lisfc c z x v s
&
[F ro m o u r ow n correspondent.]

Saturday, August 18, 1894.
| ’The fortnightly settlement on the Stock Exchange which
tsegan on Monday morning and ended on Wednesday evening
, ¿showed that the account open for the rise was much
smaller than had been supposed from the considerable ad
vance in prices that had taken place during the preceding ten
■days. Consequently the demand for fresh loans was not
«large and’borrowers were able t obtain all they required at an
¿average of about 1 ^ per cent. Short loans in the open mar
ket are freely made at percent and the discount rate is no bet.
ter than ^ per cent, although the quotation is a trifling fraction
¡higher. Gold continues to flow in from abroad, and every
th in g points to a long continuance of easy money.
The India Council offered as usual on Wednesday 40 lakhs
o f rupees in bills and telegraphic transfers and sold the whole
am ount at an average price of nearly Is. 1 l-16d. per rupee,
; sand later in the day it sold small amounts on slightly better
term s. Trade is very inactive in India, but there is a moder
a t e export of jute, wheat and seeds, while the imports of
lver, though continued, are not seriously large. The ship
m ents of gold to Europe are on a smaller scale than they




L ondon,

I Vol. LlX,

have been lately. Apparently the price offered is not suffic
ient to draw out much at the present rate of exchange. But
those in the best position to judge are convinced that if
exchange falls the shipments will become very large. The
belief in this is maintaining the rate and probably, therefore,
the Council will be able to sell 40 lakhs a week throughout the
slack season. Holders of silver are not selling freely. They
believe very generally that if the war between China and
Japan continues the demand for both countries m uit increase
considerably and therefore they look for better prices. At
present there is a fairly good demand for India, China, Japan
and the French Indies, and the price fluctuates between 28%d.
and 29d. per ounce.
The general rise in prices on the Stock Exchange, w hich
was so marked last week, has received somewhat of a check
this week—not much, but the eagerness to buy is certainly
less, while the arbitrage houses are freely supplying every
demand. The general impression upon the Stock Exchange
nevertheless is that after a brief reaction there will be another
advance. It is admitted that the general public is still hold
ing aloof. They appear to distrust the rise because it came
so suddenly and has proceeded so rapidly, But the bolder
members of the Stock Exchange argue that if the present
quotations are maintained, and still more if they are ad
vanced, the general public will by-and-by begin to purchase,
it may be observed that we are now in the slackest season of
the year when nearly evèry one who can get away from the
city is either at the seaside or abroad or shooting in Scotland,
and that therefore the Stock Exchange is attended much
more scantily than usual.
The main reliance of the members of the Stock Exchange
is that the passage of the Tariff bill by Congress will lead to
a revival in trade in the United States and that that will
change the feeling of investors all over Europe. At the end
of last week and during the first couple of days of ths present
week the buying of American securities was on a considerable
scale,though, as already said, it was all, or nearly all, specula
tive. Since Tuesday, however, there has been quite as much
selling as buying. The rise in the American market has led
the present movement, but it has been very closely followed
by a recovery in the South American department ; especially
Argentine railway securities have been bought largely. There
is no change of any moment in any part of South America
but there is more confidence now in the political situation, and
gradually, it is believed, there will be a recovery.
Upon the Continent the hopeful feeling is quite as strong
as it is in London. Money in Paris is almost as abundant as
here, and people are naturally looking out, therefore, for
some better means of investment than they have for some
time been able to find. Up to a few weeks ago political feel
ing discouraged all dealings in Italian securities; but
latterly there has been a marked change. Those who sold
speculatively have been covering their shorts, and many have
completely turned round and are now buying actively. The
German capitalists profess readiness to supply Paris with all
the Italian securities it is willing to take, but in Paris the
German professions are not quite believed. The impression
there is that the Germans are surprised by the action of Paris
and do not quite know how to interpret it. At all events
there has been more buying in Paris than for several years
past.
The feeling respecting! .Spain is more mixed. The great
bankers are holding aloof from the Spanish market While the
smaller operators are buying. The Spanish Government has
for a considerable time past been trying to borrow in Paris
and the leading financial houses have offered to lend if th e
Government will make certain concessions to the railway
companies in which the French investors are so largely inter
ested. The Government refuses to comply and therefore
operators generally say that the attitude of the great bankers
is adopted rather to impress the Government than because
the bankers themselves disbelieve in Spanish finance. How
ever this may be, there is a difference between the action of
the great bankers and of the smaller operators. The reports
from both Austria and Hungary are very favorable and an
optimistic tone prevails. In Russia, too, there is a much
more hopeful sentiment. The crops promise well and general
business is satisfactory. The Germans, who have been acting
very little for some time past, are beginning to operate again,
and generally it may be said that a better feeling exists all
over the Continent than for some years past.

359

THE CHRONICLE.

September 1, 1894,]

The Bank rate of discount and open market rates at th e
chief Continental cities no w and for the previous three weeks
have been as follows :

English. Financial Markets—
Per Cable.
Tbe daily closing quotations for securities, &c., at London

Rates of
Interest at
P a r i s .................
B e r lin .................
H a m b u rg ..........
F r a n k f o r t........
A m s te r d a m ....
B ru sse ls .........
V ienna..............
Bt. P e te rs b u rg .
M adrid .............
C o p e n h a g e n ...

Aug. 10.

July 27.

August 3.

Bank Open Bank Open Bank Open Bank Open
Bate. Harki t Bate. Harke Bate. Market Bate. Market
~ 2 H~ ~VH
2H
m
VA
SH
SH
IH
3
3
Vi
3
VA
t%
3
1H
3
3
VA
3
VA
m
3
VA
3
3
m
VA
3
VA
VA . 3
i%
2H
2H
VA
2H
VA ;
1%
SH
3
3
i%
3
2
3
1«
m
4
I
4
3H
3%
3H
' 4
SH
5
5«
5
5 .
5
5H
5H
6«
5
6
5
6
5
6
5
6
3H
SH
SH
SH 1 3 H
SH
1 3¡A l SH

The rates for money have been as follows:
Interest allowed
fordeposits by

Open Market B ates.

e

Trade Bills.

Bank Bills.

London «

Three Four
Four
Six
Months Months Months Months Months
-15-l6 1 < —V i® 3
9-1QuH H® - %
M — H i - 1H® - 1 @ —V i® @
H® — H® - 1H® - 1H®VA VÍ&VA
1
1 @m
H® - H@ - 15-16@ 1
9-16@ H® - 1 ® —1 <®1H m ® i%
—
9-16@ m % 1 @ —Vi®VA 1H® %

1 Three

03

2
2
2
2
2
2

Disc’t ITst
Joint
Stock A t 7 to 14
Six
Months Banks. OaU. Days.
H «
1
VA® 1
% H
IH® 1
% H
lH®19i
H H
1 @
1-M H
H H
H
VA®3
H H
H
IH® 2

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
1891.
1892.
1893
Aug. 19.
Aug. 16.
Aug. 17.
£
A
A
A
C irc u la tio n ....................................... 25,960,350 28,638,680 26,449,930 26,210,705
4,198,520
5,189,243
4,034,263
3,772,068
P u b lic d e p o s its ......... ......................
O th e r d e p o s its ................................. 38,285,320 30,474,827 31,755,315 33,249,878
13,104,453 1L,909,394 10 314.655
G o v e rn m e n t s e c u r i tie s ................ 12,467,381
O th er s e c u r i tie s ............................ 19,482,679 24,254,890 24,678,743 28,394,416
R eserv e o f n o te s a n d c o in ... . . . . 29,643,977 15,069,333 17,331,204 17,020,368
Coin & b u llio n , b o th d e p a rtm ’ts 38,804,327 25,256,013 27,331,134 26,781,073
48 3-16
mn
43 H
P ro p , re s e rv e t o lia b ilitie s , .p. c.
m i
2
4
2
2H
B an k r a t e ........................p e r c e n t.
96 1-16
97 1-16
98 1-16
Consols, 2>g p e r c e n t..................... 102 1-16
45 5-16d.
33Kd.
371id.
29Md.
S i l v e r .............................................. .
C learing H o u se r e tu r n s ................:118,079,000 130,837,000 120,474,000 135,866,006
1894.

Aug. 16.

Messrs. Pixley & Abell write as follows under date of
August 17:
Gold.—P allin g a ll dem and fo r ex p o rt, a ll th e re c e n t a rriv a ls h ave
gone in to th e B ank, w hich h a s received since o u r la s t £ 141,000. A
.
w ith d raw al of £ 5 0 ,0 0 0 h as been m ade fo r Roum ania. A rriv a ls : Aus
tra lia , £ 1 5 2 ,0 0 0 ; C apetow n, £ 1 4 9 ,0 0 0 ; In d ia , £118,000. T otal,
£419,000. •
Silver.—A fter rem ain in g q u iet h u t ste ad y a t 28i3|«d. fo r som e days,
a g reatly in crease d d em and w as ex p erien ced fo r China, w hich h a s led
to a s u b s ta n tia l ad v ance, an d w e quote to-day 29 4 d . A rriv a ls: New
Y ork, £ 1 1 4 ,0 0 0 ; A u stralia, £ 2 ,0 0 0 ; C apetow n, £7,00 0. T otal,
£123,000. S h ip m en ts, A ugust 16 an d 17: In d ia, £125,900; C hina,
£52,220; J a p a n , £2 0 ,000. T otal, £198,120.
M exican D o llars. - W ith little or no business in th ese coin, q uotations
have n ecessarily been nom inal, b u t th e re is little d o ubt t h a t 29*sd.
could be h a d w ere a n y offering. S hipm ents to P enang, £35,600.

The quotations for bullion are reported as follows:
GOLD.

London Standard. Aug. 17. Aug. 11.
s. d.
s. d.
B a r gold, fin e ___oz.
B a r gold, p a rtln g .o z
S pan, d o u b lo o n s, o z .
U . S. g o ld c o in ...o z .
G e rm a n gold coin.oz

77 9
77 9 H
73 9
76 4 H
76 4 H

SILVER,

77 9
B a r silv e r, fin e . ..oz. 29M
77 9H B a r silv e r, c o n ta in 73 9
ln g 5 g rs . g o ld ..o z . 2 OH
76 4 H C ake s ilv e r ...........oz. 319-16
76 4H M exloan d o llars..o z. 29 ¡4

2813-10
29 3-16
311-16
29

The following shows the imports of cereal produce into the
United Kingdom during the fifty weeks of the season
compared with previous seasons:
IM POSTS.

1893-94.
Im p o rtso fw h eat.o w t.6 5 ,0 8 7 ,6 4 8
B a rley ............................30,311,089
O ats................................ 13,771,158
P e a s ............................ 2,247,993
B eans............................. 5,122,848
In d ian c o r n ................. 36,510,510
F lo u r ..............................20,068,417

1892-93.
64.591.776
17,040,410
13,974,134
2,156,215
3,823,290
32,206,772
20,026,687

1891-92.
67,009,929
16,109,657
14,550,707
2,671,428
4,038,306
29,393,400
19,158,751

1890-91.
56,174,470
16,001,564
15,338,309
1,866,596
3,256,163
29,239,290
15,230,093

Supplies available for consumption (exclusive of stocks on
September 1):
1893*94
1892-93.
1891-92.
1890-91
W heat..............o w t.6 5 ,0 8 7 ,6 4 8 64.591.776 67,009,929 56,174,470
Im p o rts of flo u r.........18,529,229 20,023,637 19,153.751 15,230,093
Bales of hom e-grow n.20,068,417 25,533,875 30,767,279 33,521,707
T o ta l............... ..1 0 3 ,6 8 5 ,2 9 4 110,152,338 116,935,959 104,926,270
1893-94.
1892-93.
1891-92.
1890-91.
Aver, p rice w h eat w eek.24s. 4 L
26 s. 3d.
29a. l i d .
39a. 8d.
A verage p rice, se a so n ..2 5 s . 5d.
26 s. 8d.
35s. 2 d .
33s. 61.

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
W heat......... . . . . . q r s .
F lour, eq u al to q r s .
M a i z e ...............q r s .




T his weak. L a st week.
2,519,000 2,611,000
264,000
330,000
322,000
366,000

1893.
2,605,000
347.000
482.000

Silver, p e r o z ....... .........
Consols, new , 2% p. cts.
F o r a c c o u n t................ .
F r ’ch re n te s (ln P a ris)fr.
U. S. 4s of 1 9 0 7 .............
C anadian P acific.............
Chic. Milw. & St. P a u l ..
Illinois C e n tr a l...............
L ake Shore . . . . . . . . . . .
L ouisville & N ash v ille ..
M exican C entral 4 s ---N. Y. C entral & H udson
N. Y. L ake E rie & West.
2d c o n s o ls ....................
Norfolk & W est’n, p r e f .
N o rth ern Pacific, p re f-.
P e n n s y lv a n ia . —
Phil. & Read., p e r share
U nion Pacific........

1892
1,867,000
267.000
508.000

Wed.

Tues.

30*8
3 0 ‘s
30%
102*4 102% 102 *s
102*s
102*4 102 *s
03-47% 103-75 03-57*«

Thurs.

F ri.

30716 306lft
30%
102^6 I 0 2 n lfi 102lle
102^1« l0 2 H 1ß 1021-ia
103-70 03-87*4 1 0 4 0 0

69
675s
96 >
4
142
56
59%
105
16*4
79*4

697a
68
96%
140%
5578
60
105
16*8
79%

70*8
67%
97*4
141
57
60
105
16*9
79*a

6978
67*8
97
140
57*8
60
104%
16*3
79

69*8
673s
97
140
565s
60*3
104%
163g
79

If
52
11%
14
17*4

19
52
11*4
1358
17*4

205a
52*8
11*8
1438
1738

2**4
52%
11*8
14*8
17

69
67*2
97
140ia
53
601»
104%
165s
79

20
52%
11*8
13%
17

205s ‘
52%
113a
14%
17 1

(ft a m m e r e i a i a ix tl U f c i s c e l l a m e a t x s H e w s
N ational B anks .—The follow ing inform ation regarding
CORPORATE EXISTENCE EXTENDED.

1914.
1 9 ,1 9 1 4 .

IN LIQUIDATION.

v o lu n ta ry liq u id atio n , by reso lu tio n of its stockh o ld ers
d ated J u n e 1«, 1914.
1,843—The B ates C ounty N ational B a n k of B u tler, M issouri, h as gone
in to v o lu n tary liquidation, by reso lu tio n of its stockh o ld ers1
1
d ated A ugust 1, 1394.
2,181.—The C entreville N ational B ank of T h u rm an , C entreviile, Ohio,
u n til A ugust 13, 1914.
INSOLVENT.

4,170.—The F ira t N atio n al B ank of G ran t, Neb., is in so lv en t, an d was
ou Aug. 14 placed in th e hands of W. L. R utledge, receiv er,
Imports and Exports for the Week.—The following are

ohe imports at New York for the week ending for dry goods
Aug. 23 and for the week ending for general merchandise
Aug. 24; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT N EW YORK.

For Week.

1892.

1891.

Jry G oods.......
ten 1 m er’dise.

$2,323,375
6,438,691

$2,688.792
6,617,793

1893.

1894.

$2,260,437
6,281,198

$1,460,613
5,804,028

T o ta l..........
$8,762,066
$9,306,590
$3,541,635
$7,264,641
Since Ja n . 1.
Dry G oods...-,. $30,110,693 $83,387,437 $93,979,110 $54,943,357
Gen’l m er’dise . 272,864,079 292,784,308 310,214,236 230,035,743
T otal 34 weeks. $352,974,7 7 2 $ 3 7 6 ,171,745 $404,093,346 «285,029,100

The imports of dry goods for one week later will be found
ip our report of the dry goods trade.
The following is a statement of the exports (exclusive of
aoecie) from the port of New York to foreign ports for the
week ending Aug. 23 and from January 1 to date :
EXPORTS FROM NEW YORK FO R TH E W EEK .

1892.

1891.
For th e w e e k ..
Prev. re p o rte d .

London Standard. Aug. 17. Aug. 11.
d.
d.

Mon.

Sat

L ondon.
Aug. 17.

$8,609,391
223,999,665

1893.

1894.

$6,481,905
$?,336,507
253,816,459 232,664,852

T otal 34 weeks. $232,609,056|$260,298,364 $241,001,359

The following table shows the exports and imports of specie
at the port of New York for the week ending Aug.25 and since
January 1,1894, and for the corresponding periods in 1893
and 1892:
EXPORTS AND IMPORTS OF SPEC IE AT N EW YORK.

Gold.

Exports.
Week.

G reat B r ita in ......... .
F ra n c e .......................
G erm any....................
West In d ie s..............
M exico..................... .
South A m erica.........
All o th e r c o u n trie s.
T o ta l 1894.
T o ta l 1893.
T o ta l 1892.
Silver.

Since J a n . 1,

$15,438,800
584,000 23,206.999
31,600,000
" 3 ‘50<j 12,047,440
,
47,205
530,067
851,785

Im ports.
Week.

Since J a n . 1«

$1,688,551
6,227,096
1,659,567
834,607
2,361,687
40,940
17,248
567*960
109,547

$587,500 $83,722,996 $901,855 $12,655.348
40,900: 68,735,397 7,923,458 44,218,941
8,506
6,428,810
Exports.
Im ports.
Week.

Since J a n . 1.

G reat B rita in ...........
F r a n c e ....... .......... .
G erm an y ....................
W est In d ie s ..............
M e x io o ....................
S outh A m erica.........
All o th e r c o u n tries.

$527,200 $20,974,325
394,000
268,100
169,520
53.297
716.826
85,000
121,411

T o ta l 1894.
T o ta l 1893.
T o ta l 1892.

$612,200 $22,697,479
718,224 20,811,194
636,875 14,273,772

Week.
$998
360
580

Since J a n . 1 .
$11,554
99,041
3,409
493,721
176,295
325,361
23,598

$1,938 $1,137.979
111,292
2,478,148
3,317
1,340,880

Of the above imports for the week in 1894 $28,377 were
American gold coin and $1,118 American silver coin.. Of tile
exports during the same time $7,500 were American gold coin •

THE CHKONICLE.

■363

The movement of breadstuffa to market is indicated in tb
•statement below is prepared by us from the figures of th
•New York Produce Exchange. We first give the receipts a t
Western lake and river ports, arranged so as to present the
"Comparative movement for the week ending Aug. 25, 1894
and since August 1, for each of the last three years:
•Receipts at—

Hour.
Wheat.
Corn.
Oats.
Barley.
Rye.
Bbls.lMlbs Bush.00 lbs Bush.56 lbs Bush.32 lbs BushA8 lbs Bu.b6 lbs.

"Chicago.........
M ilw au k e e...
D u l u t h ......
M in n eap o lis.
T o le d o ..........
D e tr o it..........
C le v e la n d ....
Bt, L o u is.......
P e o ria ...........
K an sas C ity.

81,436
25,950
182,899

T o t.w k , ’94.
G ame w k,’93.
S am e w k,’92.
Since Aug. 1.
1894............
1893............
1892..........

340,866
292,347
304 921

2,514,048
278.132
316,638
808,640
809,800
198,877
41,994
408,294
42 600
249,073

832,388
35,750

2,240,727
242,000

143,300
420,400

14,934
15,357

10 590
17,300
14,178
7,645
75,225
166,900
16,519

51,900
135,950
93,2*4
211.665
306910
51,193

1,400
2,400

21,600

5,698,090
2,724,270
7,709,019

1,226,495
2,853,452
2,031,492

3,333,579
3,166,492
2,923,279

1,389
3,870
11,940
27,682
5,700

2,849

W agner Palace Car Co.—An Albany dispatch gives rue
following from the annual statement, presumably for the
year ending June 30th, 1894 :
_
1894.
G ross e a rn in g s....... ......... $1,263.259
O p eratin g e x p e n s e s......... 2,823,703

1893.
$4,103,589
4,349,160

>Tet e a rn in g s................ $1,439,556

Changes.
In e . $154,670
Deo. 1,525,457

$759,429

In e.

$680,127

West V irginia Central & P ittsb u rg .-T h e following is a
brief statement of income account for the fiscal year ending
June 30 :
1893.
$1,163,985
G ross e a rn in g s....................
E x p e n s e s ................................................. . ...........
743,504

1894.
$979,662
632,504

N et e a r n in g s .........................................
D eductions .from in co m e.. . . . .......

$420,480
232,647

$347,158
*258,581

$137,833

$88,577

N et in o o m e........................................... t ___

In clu d es in te re st on fu n d ed d eb t a n d r e n ta l of leased road .

4,200
577,700
23,558
91,075

IVol. L1X.

—The New York agent of the Hong Kong & Shanghai
Banking Corporation has received a telegram from the head
office in Hong Kong stating as the result of the half-year end
1,167,180 22,909,729 5,517,150 11,262,191
929,398
168,815 ing the 30th of June last that a dividend has been declared
1,081,398 12,067,547 9,764,541 10,502,345
179,146
321,025 of £1 per share, $300,000 added to the reserve fund (making
1,415,990) 28,466,623 7,197,7431 10,064.585
268,745
499,887 that fund stand at $4,500,000) and $120,000 carried forward to
the credit of the new profit and loss account.
The receipts of flour and grain at the seaboard ports for the
—Messrs. Winslow, Lanier & Co. will pay dividends on a
week ended Aug. 25, 1894, follow:
number of securities, a list of which will be found in another
Flour.
Wheat.
Com.
Oats,
Bariev.
Rye,
column.
Receipts at—
bbls.
bush.
bush.
bu sh
134,491 1,059,550
565,425 1,403,800
2.6X
1
85,747
67,076
132,462
■City of Meridian, Miss., 6 per cent bonds are offered by
231,410
600
15,385
1,400
11,900
Mr. R. B. Sperry, Baltimore. See particulars in advertise
63,618
190,272
28,136
290,328
800
83,418
ment.
472,492
17,388
79,027
2,977
R ichm ond.

3,482
16,085

22,378
29,912

17,002
1,572

T o ta l w eek ......... 406,626 1,814,010
W eek 1893................. 421.385 8,436,128

23,534
27,549

762.F85 2,067,548
695,494 1,629,758

54,740
70,629
183,782

442

1,400
6,390

6,033
15,735

City R ailroad Securities—
Brokers’ Quotations.

The total receipts at ports named in last table from Jan. 1
to Aug. 25 compare as follows for four years:

Bid.
Allan. Ave., B ’klyn—
Con. 5s, g., 1931...A&O
Receipts of—
1894.
1893.
1892.
1891.
Gën. M. 5s, 1909... A&O
F lo u r ................. ..b b ls . 12,721,593
12,194,098
11,879,474
9,088,462
Ifnpt. 5 s, g., 1934...JA J
Bleek. St. & Full F.—Stk.
W h e a t.............. .b u s h . 31,390.045
62,886.679
73,544,813
49,423,983
1st mort., 7s, 1900. J& J 110
C O h i................. ........... 35,238,710
35,469.878
67,661,232
26,388,448 B’way & 7th Ave.—
Stock. 183
G a t s ................. ........... 26,268,029
30,241,127
35,428,435
23,193.411
1st mort., 5s, 1904.J&D 103
B a r le y .............. ........... 1,787,839
2,711,041
3.089,710
1,838,314
2d mort., 5s, l9i4...T& J 103
R ye....................
843,217
2,905,174
1,434,554
B’way 1st, 5s, guar 1924 107
2d 5s, lnt. as rent’1.1905 105
T o ta l g ra in . . . . . . . . . 94,899,236
132,151,940
182,629,364
102,278.710
Consol. 58, 1943....J& J 110
— w w—
—
'
”7 v“ v W
VT
klUMOL/aiiU p u i v o JLUl LUC vy
Brooklyn City—New stk. 367
Consol. 5s, 1941. ...J& J 112
ending Aug. 25,1894, are shown in the annexed statement:
B’klyn Crosst’n 5s. 1908 05
Brooklyn Traction........... 13
,
Wheat.
Com.
Flour.
Oats.
Rye.
Peas. Central Crosstown—S tk .. 150
bush.
Exports from.—
bush.
bbls.
tush.
büsh.
bush.
1st mort., 6s, 1922.M&N
51-.840
NfeF. Y o rk ................. 861,048
82,i81
7,283
2,527 Cen. Pk. N.& E.Riv.—Stk 119
152
B o s to n .......... ............. 108,856
200
25,752
Consol.
1902....J&D
M o n tr e a l................... l u4,710
22,718
9,563 Christ’p’r 7s, 10th St.—Stk. 111
&
145
45,681
P h ila d e lp h ia ............ 14 ¡,424
1st mort., 1898 ....A & O 105
B a ltim o re .................. 172,000
38.510
N ew O rle a n s ............
24,000
8,450
9,861

N e w p o rt N ew s......... 120,000
.N o rfo lk ........ . . . . '........... .
P o r tla n d .....................................
T o ta l w e e k ....... ..l,6 il,8 3 8
S am e tim e 1893.. ..2,059,427

12,025
1,710

67,490
946,915

238,428
439,431

7,283
82,108

...........
16,571

12,090
38,683

GAS COMPANIES.

Brooklyn G as-L ight..... i
Central......................
Consumers’ (Jersey City)
Bonds..........................
Citizens’ (Brooklyn)........
Jersey City & Hoboken..
-------- Flour.--------- . ------- Wheat.---------, i-----------Corn.----------, Metropolitan—
Bonds.......
Exports for
Week Since Sept. Week Since Sept. Week Since Sept. M utual (N. Y . ..... ............
week an{l since Aug. 25. 1.1893.
Aug. 25, 1,1893.
N assau (Brooklyn)..........
Aug. 25. 1,1893.
! 'Sept. 1 to—
bbls.
bbls.
bush.
bush.
Scrip............... | ...... .
bush.
bush.
U n ite d K ingdom 156,781 8,442,098
848,261 31,866,712
............ 27,560,788 N. Y . & E ast Riv. 1st 5s..
C o n tin e n t............ le,2* 9
1,550.147
1,527.774
1,373,290
421,769
41,403

773,677 23,910,526
32,685
30,225
155,154

82,390 21,440,867
1,020
184,0)8
29,488
924,054
............
143,950
4,594
129,615

■¿Total.............
238,428 13,356,481 1,621,838 55,995,302
T o ta l 1892-93....... 439,431 14,556,903 2,059,427 98,230,025

67.490 50 389 898
943,915 40,988,'936

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Aug. 25-, 1894, was as follows:
L
.

' In store at—

Wheat,
bush.

New Y o rk ..................... 11,101,000
Do
a f l o a t ....... »25,000
A l b a n y ...................
2,000
Euflfelo.......................... 1,555,000
■Do
a flo a t............................
C h ic a g o .........................24,330,000
, . Do
a f lo a t............................
M ilw a u k e e ...................
733,000
Do
a f lo a t.........
....... .
D u l u t h .......................... 2,e85,000
t Do
a f lo a t.............................
T o le d o ........................... 2,752,000
D e t r o i t ............ ............ 1,360.000
O s tre g o ................... .
40,000
S t. L o u is ...................... 5,738,000
Do
aflo a t.............................
C in c in n a ti.....................
24,000
B o s to n .........................
83,000
T o r o n t o ........................
34,000
M o n tre a l....................... 581,000
P h ila d e lp h ia ................ 1,623,000
P e o r ia ........................ ... 148,000
In d ia n a p o lis ................ 469,000
K a n s a s C ity .................. 1,104,000
B a ltim o re ..................... 930,000
M in n ea p o lis..........
5,668,000
S t. P a u l ......................... . . . . . . . .
O n M ississippi R iv e r...................
O n L a k e s ...................... 1,172,000
O n c a n a l a n d r i v e r ... 2,416,000
T o ta l A ug. 25,1894.64,771,000
T o ta l A ug. 18,1894.63,901,000
T o ta l A ug. 26,1893.57,239,000
T o ta l A ug. 27,1892.34,950,000
T o ta l A u g . 29,1891.19,124,842




Com,
bush.

299.000
159.000

Oats,
bush.

12,000

153.000

1,632,000
58.000
18.000
69,C00

1,219, (jot)

899.000

2,000

8,000

12.000

34.000
5,000
34.000

21.000

103,000

618,000
274,000
3.038.000
3.086.000
5,369i000
7.578.000
5,611,353

168
114

150

245.000
46,000

180
105
147
100

77

Ask.
135
128
180
109
35

Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son :

’*2,000

Bonds.
$1,000 Steaside & B rooklvn
B ridge E lev. RR. 1 st 5s,
73
1942, J & J . , . , .....................
$5,000 C leveland & C anton
HR. 1st 5 s,Ju ly , 1894, coup. 50
$1,500 New Y ork Cab Co. 5s.
76 & in t.
$6,000 K entucky U nion L and
Co. pref., su b ject to ag ree
m en t w ith M a n h attan T ru st
C o ................... ......... ..$ 1 ,0 5 0 lo t.

5,000
39.000
18.000
1,000

*ÌÓÒ
2* Ò
11,000
‘*2,000
1,000
3.000
12,000

a tx d

ffix m tx tia l*

1,000

10,000
2,000

S

am uel

46,000
1,000

D.

D

a v is

< G o .,
&

B A N K E R S ,
NO. 40 W A L L S T . , N E W I O R K .
S a m u e l D . D a v is .

Ch a s. B . V a n N o strand.

1.000

"2 ,0 0 5
1.073.000
469.000
6.097.000
4.643.000
3.017.000
5.281.000
3,146,561

105
59
85

GAS COM PANIES.
Bid.
People’s (Brooklyn). ...... 70
Peoples’ (Jersey C ity ).... 170
'6 2 * ' Metropolitan (Brooklyn). 130
W illiam sburg.............. . 139
"60"
105
_
Fulton M unicipal_ . . . . . 125
Bonds, 6s...... ................ 105
150 E quitable........ .................. 175
155
Bonds, 6s. __ . . . . . . . . . . . 107
Standard pref.................. 80
27
104

" 3 ,0 0 0

3.000

4.000

X 'Ò
38*Ò d
6,000
20,000

82,000
. . .396,000
4*1,000
18,000
154.000
163.000
23,000

Bid. Ask.
102

20,000
JS
U ,006

Rye,
bush.

137.000
84.000

30

is 5_

Shares.
9 M erchants’ Nat. B a n k ... 13514
60 T hom as & Wylie L itho
g rap h in g Co................... 50
72 T radesm en’s N at. B ank.
Barley
15,000 K en tu ck y Union L and
bush.
Co. com m on
....... $250 lo t
197 K entucky U nion L and
Co. p r e fe rr e d ..............$50 lo t
19,000 248 K en tu ck y U nion By. Co.
guar, p re fe re n c e .....$ 4 0 0 lo t
’iï,ooô

“ 6,boo
12,000

Bid. Ask.
D. D. E . B . & B a t’y —S tk _ 132 135
1 s t, g o ld , 5s, 1 9 3 2 ..J & D 110
S c r i p .................................. . 100 ibi*
E ig h th A v e n u e —S to c k .. . . 250
S c rip , 6s, 1 9 1 4 .............
Ä
100 iÖ *
4 2 d & G r. S t. P e r .—S to c k 300
4 2 d S t.& M au .& 8 t.N .A v . 50
52
1 s t m o r t. 6s, 1 9 1 0 ..M & 8 110 112
2 d m o rt, in c o m e 6 s .J & J 53
H . W . S t. & P , P e r .—S tk . 200
1 s t m o rt., 7 s, 1 8 9 4 .. J & J 100
L o n g I s la n d T r a c tio n ........ 15®4
16
M e tro p o lita n T r a c tio n . . . . 117ia 118ia
N in th A v e n u e ........... . . . . . 139
S eco n d A v e n u e —S to c k ... 132 133
1 s t m o rt., 5 s, 1 9 0 9 .M & N 102
S ix th A v e n u e —S to c k ........ 200 2c6
T h ir d A v e n u e ____ . . . . . . . . 184 186
1 s t m o rt., 5s, 1 9 3 7 . J & J 1161« 119
T w e n ty - T h ir d S t.—S to o k . 290
D eb . 6 s, 1 9 0 3 ___. . . ¿ . . . J 100

N. Y. and Brooklyn das Securities—Brokers’ Quotations.

The destination of these exports for the week and since
Sept. 1,1893, is as below. We add the totals for the corresponding periods of last year for comparison:

8/ & 0 . A m erica.. . 23.4*0
W e s t In d ie s........
38,030
B rit. N. A. Col’s.
4,493
O th e r c o u n trie s ..
a 33

t Ask.

155.000
7,000
290.000
258.000
339.000
411.000
2,439,612

263.000
93,000
401.000
332.000
65,518

S

T r a sk < C
&
BANK ERS,

pencer

o

.,

10 W A LL STR EET,
NEW Y O R K .
S t a t e a n d J a m e s S t r e e t s , A lb a n y .
Bonds and Stocks Bought and Sold on Commission. Dealers in State, City and
Railroad Bonds. Correspondence invited.

S eptem

ber

TH E

1, 1894.11

g lu e

ip a u k e r s ' (g a z e tte .
D E N O S.

N am e o f Company.
R a ilr o a d s .
•Chicago & E a st. Ills. p ref. (quar.)
Chic. & N orthw est, p rêt, iquar.)
D elaw are & H ud. Catial (q u ar.)..
L ittle M iami g u a ra n t’d (q u ar.)..

Banks.

C h em ical N ational (bi-m onthly)..
T r u s t C o m p a n ie s .
C e n tra l (bi-m onthly)..................

B ooks Closed,.
(D a ys inclusive.)

When
Per
Cent. Payable.

Oct.
1 S ept. 19
Sept. 24' Sept. 6
Sept. 15 Aug. 31
Sept. 10 Aug. 31

to
to
to
to

25

S ept.

1

to

5

Sept.

1 A ug. 22 to Aug. 31

1%
1%
1%
2

361

CHRONICLE.

O ct.
Sept.
Sept.
Sept.

1
24
16
9

W A L L S T R E E T . F R ID A Y , AUGUST 3 1 , 1 8 9 4 - 5 P . M.

The following were the rates of domestic exchange on New . .
York at the under-mentioned cities to-day: Savannah, buying
par, selling % premium; Charleston, buying par, selling %
premium; New Orleans, bank par ; commercial 50c. dis
count ; Chicago, 40 per $1,000 discount; St. Louis, par.
United States Bonds.—Government bonds have met with
a fair business and sales at the Board include $25,000 coupon
4s at 115; $35,000 do reg. at 114%-%; $19,000 5s coupon at
118% @119; $5,000 cur. 6s ’95 at 101%.
______
Interest A ug.
Periods 25.

A ug.
27.

A ug.
28.

A ug.
29.

97 ; 97 ' 97
2 b, ........................ reg. Q.-Moh. * 96
3
4s, 1 9 0 7 . . . .........reg. Q .-Ja n . 114% 114 % I l l ' s 'II4I
4s, 1 9 0 7 ............ coup. Q .-Ja n . 115 I 114% '11413 '1148i
5s, 190 4 .............. re g . Q.- Feb. *118% *118% ■118% '118%
5s, 1904............ coup. Q .-F eb. *118% *118% 119 '118%
6s, o u r’cy,’9 5 ___reg. J . & J . *101 *101 '101 '101
6s, o a r’oy,’9 6 ....r e g . J . & J . *104 *104 '104 '104
6s, c u r’cy,’97 — reg. J. & J . *107 *107 '107 '107
fe
68, o u r’ey,’9 8 ....r e g . J . < J . *110 *110 '110 '1 1 0
6s, o a r ’ey.’99 ...r e g . J . A; T. *113 *113 '113 *113
M arch. *03-5)6 *03-5)$ 1*03-5% *03-5'6
4s, (Oher.)’96 99.reg.
'ThiBia th e p ric e b id a t th e m o rn in g b o a r d ; no sale w as m ade.

Tlie Money M arket and F inancial S ituation.—On the
morning of Tuesday, August 28, the new tariff law went into
•effect, and thus ended the long struggle over tariff legislation
which began with the meeting of Congress in December,
1898. Business a t the custom houses has been immense this
United States Sub-Treasury.—The following table show s
week,, particularly in the withdrawal of goods from bond, receipts and payments at the Sub-Treasury.
and there is no doubt that the wheels of trade are now set in
B alances
motion and that the whole country must soon feel a certain Date. Receipts. P a ym en ts.
Coin Cert’s. C urrency.
Coin.
impetus from having the deadlock removed from our foreign
$
$
$
$
$
•commerce.
76,259,312
The Stock Exchange markets have naturally experienced a Aug.25 2,046,100 2,218,325 76,165,972 3,443,392 61,025,693
3,459,452 61,689,051
2,859,846
3,445,924
“ 27
3,642,944 61,54 7,656
2,590,281 75,714,621
2,181,027
“ 28
moderate reaction from the highest prices reached in the
3,873,884 62,422,474
2,347,081 75,402,058
3,140,276
“ 29
boom which came after the passage of the Senate bill by the
3,840,422 64,487,355
2,821,540 75,292,945
4,743,84»
“ 30
3,797,123 64,620,139
75,353,777
2,259,908
2,410,225
« 31
House; but this reaction is not unhealthy, as every one knows
.1
T o ta l 17,967,398 15,096,981
th a t the good results to be realized in six months are often
4 discounted” in the rise of a single week at the Stock Board.
<
Coins.—Following are the current quotations in gold for
The latest reports of railway earnings in August continue coins :
to be encouraging, and when such roads as Northern Pacific, S o v e r e ig n s ........$ 4 85 ® $4 90 F ine silv er b a r s . . — 66 ® — 67
F ive f r a n c s ....... — 90 ® — 95
85 ®
«St. Paul, M i s s o u r i Pacific, Louisville & Nashville, Norfolk & N apoleons............ 3 70 ® 3 90 M exican dollars.. — 5234® — 53%
X X R eichm arks 4
4 80
Do nncom ’c i
s
4 85
Western, Ches. & Ohio, etc., show even a small increase 25 P e De t a s ....... 4 75 ® 15 75 P e ru v ia n sols..a. .l ...------, ® — •—
— 51 ® — 52
Span. oubloons.15 55 ®
E nglish silv e r___ 4 80 ® ¡4 90
ever last year, it seems as if the tide had fairly turned.
Mex. D oubloons.15 55 ®15 75
F ine gold b a rs.
p a r ® % prem . U.S. tra d e dollars — 55 ® — 65
The demand for investments is steady, and the bonds
State and Railroad B onds—Sales of State bonds at the
which advanced so sharply after August 13th have lost
include $10,000 Va.
$20,000
scarcely anything of their improvement, and it looks very Board tr. reepts., stpd., at 2-3s of 1991 at 58%-%;settlt. 3sYa.
6s df.
7%-%; $20,000 Tenn.
at
much as if bonds having good security and yielding 4 to 5 per 78%-.%; $10,000 N.C. sp. tax ., W. N. C. issue,at 3%; $4,000 S. C.
«cent net on the investment are likely to rule permanently at 6s, non-iundable, at 1%; $1,000 La. consol. 4s, new, at 95.
Railroad bonds have not been quite as active as last week,
p ar to 110.
there
business,
The open market rate for call loans during the week on stock but still of all has been a large general near theirwith the
prices
good bonds maintained
highest
an d bond collaterals has been 1 per cent, all the business being point. There is such a demand for investments that it does
a t that figure. To-day rates on call were 1 per cent. Prime not seem probable that there will be any decline in mortgage
bonds that are likely now to meet their interest regularly, and
■commercial paper is quoted at 3 to 4 per cent.
bonds will gradually advance,
The Bank of England weekly statement on Thursday there is every chance that such interest basis. Atchison bonds
if they are yet below a 4 per cent
showed an increase in bullion of £283,687 and the percentage have been active and are stronger again, the 1st 4s closing at 73
of reserve to liabilities was 70'03, against 69'14 last week; the and the 2ds, class A, at 25. Ches. & Ohio bonds have been
discount rate remains unchanged a t 2 per cent. The Bank of taken freely, and the R. & A. Div. 1st 4s sell at 90%, the 2dsat
84 and the general 4% per cents at 78. The Phila. & Reading
France shows an increase of 1,825,000 francs in gold and bonds have been more or less active, but prices of the incomes
«a decrease of 2,125,000 francs in silver.
sagged off from the highest point, and the public waits for
The New York City Clearing-House banks in their statement something more definite about a reorganization scheme ; the
of Aug. 25 showed a decrease in the reserve held of $863,- connection of Mr. Wanamaker’s name with the company by
some of his frien is in Philadelphia was not calculated to help,
¡800 and a surplus over the required reserve of $66,718,650, the prices of its securities. The underlying bonds of railroads
¿against $67,806,650 the previous week.
1893.
A ug. 20.

1892.
A ug. 27.

$
60,422,700
71,594,800
407,607,400
8,780,200
370,479,900
62,930,900
22,951,400
85,882,300
92,619,975

$
60,422,700
67,390,500
490.667,700
5,354,000
517,081,300
81,769,300
57,388,900
139,158,200
129,270,325

66,718,650 D e o .l,088,000 Df6,737,675

9.887,875

1894.
A ug. 25.

Differen’sfroni
Prev. week.

$
$
C ap ital.................. 61.622,700
71.276.800
S u r p lu s ..............
Loans & disc’n ts . 488,763,700 Inc .2,464,900
4,700
9,756,700 Dec.
C irc u la tio n ----N et d ep o sits....... 585,785,800 I n c . 896,800
90.744.800 Dec. 283,600
¿ é g a l t e n d e r s .... 122,420,300 Dec. 580,200
R eserv e h e ld . . . . . 213,165,100 Dec. 863,800
L eg al r e s e r v e .... 146,446,450 I n c . 224,200
S u rp lu s reserv e

Foreign Exchange.—The market has been without much
¿animation, and for the past few days demand bills and cables
have been easier. This was owing rather to the purchase of
«stocks and bonds for foreign account than to any large supply
of commercial bills. It is also remarked that many importers
■are busy this week in taking goods out of bond, and are not
in the market for bills to make remittances.
To-day’s actual rates of exchange were as follows: Bankers
sixty days sterling, 4 85%@4 85%; demand, 4 86%@4 86%
cables, 4 86%@4 86%.
Posted rates of leading bankers are as follows :
A u g u st 31.

S ixty Days.

D em and.

P rim e b an k ers’ ste rlin g bills o n L o n d o n .. 4 86 ®4 87 4 87% ®4 88
4 85 ® 4 85%
D o cu m en tary c o m m e r c ia l....... . . . . . . . . . . 4 841a®4 84%
P a r is b a n k e rs ( f r a n c s ) . . . . . . . . . . . . . . . . . . . . . 5 18%®5 18% 5 17%®5 16%
403^6® 40%
A m sterd am (guilders) b a n k e r s . . . . . . . . . . . . 401-1 ß® 40%
95%fl>95 %
95%®95%
F ra n k fo rt or B rem en(reionm arks)b’n k ers




R ailroad a»d Miscellaneous Stoeks.—The week covered
by this report opened on Saturday, the 25th, with immense
sales of Distilling & Cattle Feeding, and a decline during the
two hours of business from 24-24%* the opening prices^ to 20%
at the close. This was based on the report that the company
had failed to secure its proposed loan for taking whiskey out
of bond. The price afterward declined further, touching
18% on Tuesday and closing to-day at 18%. American
Sugar has been very active, also on the downward turn, and
opening at 114 on the 25th closes to-day near the lowest price
at 104% ; the sales by insiders are presumably made to reailze profits, and when the price has gone down sufficiently
they will probably buy in again as usual. Amer. Tobacco
was strong, closing at 103 to-day as against 102% last week.
Lead has been less active and closes at 42%.
The general stock market had a moderate reaction, after
the sharp advance of last week, and there was considerable
bear effort to get prices lower. But the difference in tone
between the present time and the depressed periods of the past
season is quite perceptible. Stocks may fall off now after
making too sharp an advance, but there is much more confi
dence and it is not possible to hammer them down largely with
out reason. The grangers yielded a little from their highest
prices but rallied easily. Ches. & Ohio stock has advanced,
together with the bonds, on reports of a closer traffic alliance
with the new Southern System and possibly Big Four. General
Electric was attacked by the bears, as usual, and sold below
39, but closes to-day at 39%, and it seems time now for the com
pany to get some decided benefit from the improvement in
business. Chicago Gas is easier at 74%, Western Union a t
¡89% and Louisville & Nashville holds around 56%.

362

THE

N E W Y O R K S T O C K E X C H A N G E — ^.OZYFff

CHRONICLE.

STOCKS fo r week ending AUGUST

H IG H E S T AND LOWEST PR IC E S.
S a tu rd a y ,
A ug. 25.

M onday,
Aug. 27.

T uesday,
Aug. 28.

W ednesday, T hursday,
Aug. 29.
Aug. 30.

F rid a y ,
Aug. 31.

STOCKS.

fVOL. L i x .
31,

and since JAN.
Sales of
th e
Week,
Shares.

1, 1 8 94.

R ange fo r y e a r 1894.
Low est.

Highest

A c tiv e K K , S to c k s ,
6%
6%
6% 6%
7% 7% A tchison Topeka & S an ta F e. 18,608
6%
6%
7%
6%
6%
3 J u ly 23 16 M ar. 14
*1%
1%
1
1% A tlan tic & P acific....................
1%
.1% 1%
1% 1%
1%
1%
1,305
% Ja n . 2
1% M ar. 28
7438 7514 74% '
76
76% B altim ore & O h io ....... ............
74% 75
74
74% 74% 75
3,925 67 Ja n . 2 81% Apr. 6*67
63
67
i
68% *66
*67% 68% *68
67% *66% 67% C anadian P acific......... , ............
20 62% Ju n e 11 73% J a n . 18
Ö2
52% C anada S o u th e rn .....................
53% 53% 53 W Ê k
52% 52% 51% 52% 52
53
3,960 47 Ja n . 3 53% Aug. 24
*115 117
115% 115% 114% 115% 113% 114
114 114% ‘113% 111% C entral of N ew J e r s e y .........
1,265 104 M ay 31
M ar. 8
201« 20% 20% 21% 20% 21% 20% 21% 21
2178 C hesapeake & O hio.................. 32,140 16 M ay 21 117% Aug. 3L
2 1 % 21
21%
*140 142 *140 142 *140 142 *140 142
140 142 '140 142 Chicago & A lto n ......... .
130 Feb. 12 142 J u ly &
78
7 8 78 78% 79% 78% 79% 76% 78% 76% 7 7 78 77% 78 Chicago B u rlin g to n & Quincy 86,127 70 Aug. 7 84% Mar. 21 •
*54 . . .
*54
*54% 55 Chicago & E a ste rn m in o is ..
*54 ..
*54
*54
52 J u n e 1 55 Feb. 27
* ,........ 961« *....... . 96% f___ I 96% 1........ 96% r......... 96% *94% 96%
Do
p re f.
93 M ay 23 97 Ja n . 18
65% 661® 65% 66% 65% 66% 64% 65
64% 6 5 78 65% 65 % Chicago M ilwaukee & St. P au l 108,054 54% Ja n . 3 66% Aug. 2 7
*120% 122 *120% 122
121% 121%
121% 121% 121 122
121 121
489 116 Ja n .
Do
p re f
123% M ar. 13
107% 107% 107% 107% 107% 108% 106% 107% 106% 107% 106% 106% Chicago & N o rth w estern
6,719 97 Ja n .
110% J u n e 7
142% 142%
142 142% 142% 142%
267 135% Ja n .
„
Do
p re f.
145 Apr. 968% 69% 68% 69% 67% 68% 66% 67% 65% 66% 65
66% Chicago Rock Islan d & Pacific 35,084 61% Ja n .
72% Apr. 7
88% 39% 39
39% 38% 38% 38
38
38% Chicago St. P a u l M inn. < Om
38% 37% 38
3,760 32% Ja n .
fc
41% A pr. 7
*114% 115% 114% 115% 115 115
114 114
113% 114% *113 114
150 109% Ja n .
Do
p ref
116 A pr. 16
41% 42
41% 41% 40% 40% 39% 40% 39% 40% 39% 40% Cleve. Cincin. Chic. & St. L ..
5,195 31 Ja n .
42 Aug. 2585
85
100 78 Ja n ,
Do
p ref.
88 M ay 12
*19% 19% 19% 19% 19
19% *18% 19% *18% 19% *18% 19% Colum bus H ocking Val. < Toi
525 15% J u ly 11 20 % M ar. 31
fc
*63
*63
*63
*63
*63
*63
Do
p ref
57% M ay 23 66 Ja n . 12
136% 136% 136 136% 136% 136% 135% 1351» 134 % 13478 135% 135% D elaw are & H u d s o n ...............J 2,381 126% J u ly 9 144% Apr, 7
166% 167
166% 16 6% 167 167
166% 168
167% 167% 166% 169 D elaw are L ackaw anna& W est
726 158 M ay 21 170% J a n . 16
*11% 12% *12
12% *12
12% D enver & R io G runde . . . . . . .
12% *12% 12 7f *12
12% *12
9% Aug. 7 12% Aug. 20*
*34% 35% 35% 36
35% 36
35% 3 5 7t 35% 35% 35% 35%
2,000 24 J u n e 22 36 Aug. 27
Do
pref.
11% 11% *11
11% 11
11
*11
11% 1 0 % 11
11% 11% E .T.V a.& G a.,cert. a lla s s ’tp d ,
530
||% J a n . 19 11% Aug. 2 4
*18
20
20
20
20
*18
19% *18
19% *17% 19% *18
50 11% J u n e 23 19 Aug. 2 1 .
1 st pref., cert, a lla s s ’tp d ,
*12% 13% *12% 13% *12% 13% *12% 13% 12% 12% *12% 14 Do 2d pref., cert, all ass’tpd,
50
Do
4% M ar. 28 13% Aug. 20*
*45
50
*45
50
*45
50 E v an sv ille & T erre H a u te .. .
*45
50
49
49
*45
50
100 48 Aug. 21 68 A pr. 20
*102 105
102 105
102 102
101 103 *101 103 G reat N o rth ern , p r e f .............
100 100 Ja n . 4 106 A pr. 9
93% 94
*93% 95
*94
95
94% 94% *93% 94% *93% 94% Illinois C e n tr a l ....................
300 89 J u ly
95 Mar. 29*
10
*9
9%
9% Iow a C e n tra l....................I . " I
*9% 9%
9%
9%
9%
9% 9%
9%
350
6 Ja n .
11% A pr. 3
37
*34
*34
*33
36
33
33
37
*33
36
33
33
17 23% Ja n .
Do
p ref
39% Apr. 9
19
19
19% 19% 18
18% 18
18
17% 17% 17% 17% L ake E rie & W e s te rn ....... .
1,700 13% Ja n .
19 % Aug. 2 4
72
*71
70% 70% 70
73
71%
70
70% 70% 71% 71 % l. , Do
1,000 63 Ja n .
p re f.
72% Aug. 24
*136% 135
136 136% L ake Shore & Mich. Southern
136% 137% 136 1364 136 136% 136% 137
2,087 118% Ja n .
139 Aug. 23*
*88
90
*88
90
*87% 90 Long I s la n d ......... .....................
90% 90% *88
90
*88
90
2 87 M ay 22 100 Ja n . 2
54% 54% 54% 56% 54% 55% 54% 55% 55
56% 57% L ouisville & N ashville......... . 50,761 40% J a n . 12 57% A ug. 31
57
9
9
*9
9%
9
9%
*9
8%
8% Louisv. N ew Alb. & Chicago.
10
8%
8%
762
6 J u n e 5 10 J a n . 22
28
29
30
29% 29% 29% 29% 29% 29% 27% 27% *28
892 19 J u ly 9 40 Ja n . 6
Do
pref.
* 1 % ___
*1%
*1%
" 1 % ......... L ouisville St. Louis & T exas.
*1%
1% Feb. 7
l% A p r. 2
120 120% 120% 120% 119% 119% 117% 118% 117% 118% 118% 119 M a n h attan E lev ated , consol..
2,814 111% J u ly 31 127% A pr, 2 6
*98% 99% 99% 99%
99 M ichigan C e n tral...................
99% 98
98
98% 98% 99
515 94 J u ly 23 100% Feb.
5
*4
*4% 5
*4
4%
5% M inneapolis & St. L ., tr . re c ta
4% 4%
5
5
5
200
3% J u ly 25 13% Apr.
*20 22
'2 0
*19
22
*20
22
22
*19
22
20
20
100 15% J u ly 20 38% Apr.
Do
pref. .tr. rects.
*15
15% *14% 15% 15
*15% 15% M issouri K an sas < T ex as_
15% 15% 15
15
15%
1,100 12 J u n e 23 16% Apr.
&
_
24% 24% 24% 24% 23% 24
28%
23% 23% 23
23% *23
805 18 % J u n
Do
pref.
27%
30
30% 30% 30% 29% 30% 28% 29% 28% 29% 29% 29% M issouri P acific........................ 12,345 18% J a n .e 25 32% Apr.
5
Apr.
*21 % 22
21% 21% 21% 21% 21
20% 20% Mobile & O hio.......................
21
‘19
22
450 15% J a n . 3 22 M ay 1 6
*65
75
65
*65
75
*65
65 N ashv. Chattanooga& St.Loûîs
‘65
75
75
'65
75
67 70 Ja n . 19 74 A pr. 18
101% 101% 101% 102
101% 102% 100% 101% 101% 101% 101% 101% New Y ork C e n tral & H udson.
5,280 95% M ay 24 102% Aug. 23"
16% 16% *16
15% 16% New Y ork Chioago & St. Louis
16% 16
*15% 16% 16
16
16
400 13% M ay 22 16% A pr. 9^
*67
7l
*65
*65
70
*65
70
70
*64
70
*64
70
62 J u ly 31 75% Feb. 3
Do
1 st p re f.
30% 30*8 *29% 31% 29
*28
31
31% *28
31
*28% 31
100 25 J u ly 31 34% Apr. 2
Do
2d p re f.
16% 16% 15% 16% 16
16% 15% 16
*15% 15% 16% 16% New Y ork L ake E rie & W est’n
2,140 11% Ju n e 25 18% Mar. 28
*31
33
*31% 32% *31% 32% *31% 32%
Do
p re f.
25% M ay 21 39% M ar. 2 7
27% 27% 27% 27% 26% 27% 25% 26
26% 27 N.Y.& N .E ., tr. re cs.3 d in s.p d
25% 27
5,407 ||3% M ay 19 28% Aug. 21
*180 183
180% 180% 180 180
183% 183% 182 183% 182 183% New York New H av en & H art.
130 178 J u ly 11 195 M ar. 15
New Y ork & N orthern, p r e f..
6 A pr. 2 6
5% M ay 24
17% 17% 17% 17% 17% 17% 16% 17% 16% 17% 17% 17% N ew Y ork O n tario & W estern
6,211 14 J u n e 25 17% A ug. 2516% 17
16% 16% 16% 16% 16% 16% 16% 16% 1 6 % 1 6 % New Y orkS usq.& W est.,new .
1,545 13% J u ly 7 17% Aug. 2 4
45
45
44% 44% *44
44
44
43
44
45
43
43
Do
1,038 36 M ay 21 46% M ar. 5
p ref.
6% 6%
7
8
7%
8% N orfolk & W estern.
7%
7%
7%
7%
7%
6,290 4 J u ly 3
8% A ug. 3 1 '
7%
25
25
25% 26
26% 26%
25%
25% 26
Do
1,230 17% Ja n . 19 26% Aug. 3 1
p ref.
5% 5%
5%
5% 5% N orthern P a c ific ...
5%
5%
5%
5%
5
5%
5.414
3% J u n e 22
6% M ar. 20
18% 18% 20% 19% 20% 18 7s 19 78 19
18%
20%
197t 20
Do
p ref 14,724 12% M ay 21 23% M ar. 30
15% 15% 12% 14% 15
'14
18 Ohio S o u th e rn .
15
*15
20
400 12 Aug. 8 17 Aug. 8
22
*19
*18
22
23 Oregon R ’y & N avigation Co.
22
18
18
22
20% 20% •21
266 10 J u n e 20 30 M ar. 7
*4%
*5
*5
8
8 O regon Sh. L ine & U ta h N orth
*6
8
6
160
6
4% J a n . 2 10% A pr. 6
*5% 6%
5% 5%
5
5 P eo ria D e c a tu r < E v an sv ille.
5%
5%
5%
5%
4%
4%
1,070
fe
2% Aug. 2
6% Aug. 2 3
20% 22
21% 22
21% 21% 2 0 78 21% 21% 22% 21% 22 % P h ilad elp h ia & R e ad in g ......... 26,100 14% May 21 23% M ar. 14
13% 14% 15% 16% 15% 16
16
16% 16% 17% 17% 18% P ittsb u rg Cinn. Chic. & St. L . 12,630 10% J u ly 12 18% A ug. 31’
46% 47% 48% 49% 47% 48
49% 49%
*47% 48% 49
49
2,758 42 J u ly 20 53 A pr. 7
Do
p re f.
18% 18% 18
17% 18% R.&W.P. T er.,tr. r .5 t h asst.p d 23,330 II2 Ja n . 15 18% Aug. 2 3
18% 17% 18% 17% 17% 17% 18
*21% 22% 22% 22% 22
22
23
22% *21% 23
22
22
1,100 12% F eb. 7 23
Do
pref. tr. re c ts.
Aug. 14
Rio G ran d e W estern................
15 Feb. 1 15 Feb. 1
Do
p re f.
5
5%
*4% 5%
*4% 5 St. L ouis S o u th w este rn ...........
5
*4% 5
5
*4% 5
325
3 J u ly 31
5% A pr. 5
g 9% 9%
*9% 9%
*9
9%
9% 9%
9
*8% 9%
8%
710
7 J u ly 11 11 Apr. 5
Do
p re f.
*27% 29
28
28
27
29 St. P a u l & D u lu th .....................
27
*27
29
29
28
28
200 2 2 7e Ja n . 18 28 Aug. 2 1
*87 100
*85 100
85
95
*85
95
85
95
90
90
30 88 Ja n . 8 95 M ar. 29
*103 105
102 107 St. P aDo M inn. & M a n itop ref.
103 105
103 105
103 105
102 107
ul
b a ...
100 Ja n . 6 107 M ay 5
20% 20% 2 0 % 21
21
2 1 % S outhern P acific Co.................
20% 20% 20% 21
20% 21%
2,675 17% J u ly 23 25 M ar. 14
10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10 % 10% T exas & P acific.........................
6,910 7 Ja n . 2 1078 Aug. 2 6
*5% 6% *5% 6%
*6
*5% 7
6 % Toledo A nn A rbor & N. M ich.
6%
*5
*5
6%
3 Aug. 9 11% Apr. 3
*34% 37
*34% 37
*34% 37
37
34% 37
37 Toledo & Ohio C e n tral............
'34% 37
110 34 J u ly 28 38 Ja n . 30
*73
*73
*69
70
*71
'70
Do
p re f.
75 Jari. 2 75 J a n . 2
18% 13% 13% 14% 13% 14% 13% 13% 13% 14
14
14 Union P acific ............................
4,750
7 J u ly 30 22% M ar. 31
*4%
6
*4% 6
*4%
*4% 5
*4% 5
5% Union P acific D enver & G ulf.
*4% 5%
3 Aug. 9
6 78 M ar. 29
7% 7%
7% 7%
*7% 7% W abash........................................
*7% 7%
7%
7%
7%
7%
5% J u ly 10
1,076
8% Apr. 6
16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16%
5,089 12% J a n . 2 18% A pr. 9
Do
p ref.
12% 12% 13
13% 13% 14% 13
13% 13% 13% 13% 13% W heeling & L ake E rie .............
3,675
9 J u ly 27 14% Aug.. 2 8
47
47
*44% 47
45
46% 45
46% 45% 45% 45% 45%
890 32% J u ly 27 51% A pr. 2
Do
p re f.
4% *3% 5
*4
*3%
*3% 4
5 W isconsin C e n tral C om pany.
4%
*3%
4%
5
20
8% A pr. 2
1% J u ly 23
I M is c e lla n e o u s S to c k s .
34% 32% 34% 32% 33% 33
33% 34% 34
33% 33% 34 A m erican C otton Oil Co.........
9,284 26% M ar. 2 34% Aug. 2 5
77% 78
78
78% 77% 77% 78
78
*77% 78%
78
1,679 63 Ja n . 2 78% Aug. .27
Do
p re f.
78
110% 114
111 112% 107% 110% 106 108% IO 434 1073a A m erican S u g ar Refining Co. 274,445 75% Feb. 1 11478 Aug. 21
98% 98% 98% 98% 98% 98% 97
97% 97
96% 97
3,871 79% J a n . 2 100% Aug. 21
98
Do
p re f.
102% 105
103 107
102 103% A m erican Tobacco Co............ 20,257 69 7s Ja n . 2 107 Aug. 2 7
103% 104% 101% 103% 101 104
»108 111 *109 110% 109 109
108% 108% 108% 103% 109% 109%
Do
p re f.
366 91% Feb. 16 110 Aug. 2 1
76% 77% 76% 77% 75% 76% 74% 75% 74% 75% 74% 753f, Chicago Gas Co., tr u s t reo’t s .. 32,817 58% Ja n . 3 80 J u n e 25
9%
9%
*8% 10
*8% 10
*8% 10
*8% 10
*8% 10 Colorado Coal & Iro n D ev el..
100
5 J u n e 26 13% A pr. 4
24% 24% *23% 25
*23% 25
*23% 25
25 Colorado F u el & I r o n ......... .
*23% 25
*24
100 21 J a n . 3 27% Apr. 4
126% 126% 126% 127
125 125
125% 125% 123% 124% *121% 123 C onsolidated Gas C om pany..
820 111 J u ly 30 140 A pr. 2 0
19% 24% 18% 22% 18% 19% 18% 19% 18% 19% 18% 19% D istilling & C attle F eeding Co 266,401 17% Aug. 10 30% Feb. 6
42
43% 43% 43
41% 42% 38% 41% 39% 40% 39% 41 G eneral E lectric Co.................. 25,883 30% J a n . 3 45% M ar. 8
44% 43% 44
44
43
43% 42% 43% 43
43% 42% 43% N atio n al L ead Co..................... 10,084 22 ' Ja n . 2 44 % Aug. 20*
91% 90% 91
*91
89
89
88% 88% 88% 90
89
88
Do
p re f.
1,618 68 Ja n . 2 92% Aug. 2 3
4%
4%
4% 4%
4% 4%
4% 4%
4%
4%
4% N orth A m erican Co............ .
1,645
4%
2% J u n e 25
5% M ar. 17
16
16% *15% 17
*15% 17
*15% 17
*15
16% 16% O regon Im p ro v em en t Co........
750 11% A ug. 1 17% A pr. 2
17
‘ 16% 17% 16% 16% *15% 16% *15% 16
*16% 17
*15% 16% Pacific M ail...............................
300 13% M ay 15 19 Ja n . 30'
P ip e L ine C ertificates.............
79 J a n . 15 90% J u n e 9*
*162 165 *162 165
162% 162% *161 165
164 164 *162 165 P u llm an P alace C ar Com pany
280 152 J u ly 9 174 A pr. 13.
*65%
*66
*66
*66
67 Silver B ullion C ertificates___
64 A pr. 26 67 Ja n . 20
19
19% 19% 19
19
19
*18% 19
*18% 19
18% Í8% T ennessee Coal & I ro n .............
1,210 14% J an. 3 20% M ar. 6.
62% M ay 2 71 A pr. 2.
Do
p re f.
21% 20% 21% 19% 20% 18% 19% 18% 19% 17% 18 78 U nited S tates Cordage C o ....
21
15% M ay 19 23% J u n e 1 8
37
*35
37
34
35
35
32
34
32
32
30% 32
30% Äug. 31 41 J u n e 19
Do
p re f.
41
43
41% *40% 42
*40
40
40
41% 41% *40% 42 U nited S tates R u b b er Co.......
33% M ay 22 43 A pr. 5
Q«70 Tan
> 901« An e 1 8
89% 89% 89% 89% 89% 88% 89% 88% 89% 89% 99% W estern ntiinn T eleeran h __
39

* These a re b id an d asked;




no sale m ade.

II Old certificates.

12d a ssessm en t p aid .

S

eptem ber

THE CHRONICLE.

1, 1894.1

363

NEW VORK STOCK EXCHA.NÖE PRICES (Continuel)—liVAGZYPÆ STOCKS.
A ug. 31.

I n a c t iv e St o c k s

!f In d icates un listed .

Bid.

Range (sales) i n 1894. 1

Ask.

Lowest.

,Avg. 31.

I n a c t iv e St o c k s .

Highest.

R a il r o a d S to c k s .
A lb a n y & S u sq u eh an n a......... -.100, 165 175 166 Ju ly 176 Apr.
135 M ar. 135 Mar.
Belleville & South. 111. p re f...... 100 .........
100 Ju n e 100 Ju n e
Boston & N. Y. A ir L ine p r e f ..100, 100
10 Ju ly
Brooklyn E le v ated H.................. 100, 12% 14
18 Aug.
20 Ja n .
Buffalo R ochester & P ittsb u rg .1 0 0 ------- 23
24% Apr.
61 A pr. 61 Apr.
P re fe r r e d ..___ i............... —...1 0 0 ......... 62
50 Aug. 52 Apr.
B url. Cedar R apids & N or......... 100 49*«
10% Ju n e 17 M ar.
C en tral P acific........................... 100 14*4 1 5 '
..... 147 Ja n . 154% May
C leveland & P itts b u rg ............. 50 150
5% Ja n .
7% Ju n e
Des Moines & P o rt D o d g e ....-.1 0 0
6
14 Ja n .
P re fe rre d ......... ...........7...........1 0 0
34
34 Aug.
öl« 41« J u ly
8 Apr.
D ulu th So. Shore & A tla n tio H-100
5
15
13 Aug. 19 A pr.
P re fe rre d !!....... ............ . . . . . . . 1 0 0
13
14 A pr. 16% Apr.
F lin t & P ere M arquette..............100 .........
44% Apr. 45 M ar.
P re fe r r e d ........... ....................1 0 0 .........
7
G eorgia Pacific T ru st ctfs!T___100
6
5%
3% Aug.
7% M ar.
Qr. Bay Win. & St. P. tr. r e c ___100
4%
15
12 Aug. 12 Aug.
P re fe rre d tr u s t r e c ts ...............100 10
2% Ja n .
12 Aug.
H o u sto n & T ex as C e n tra l......... 100 .....
86% Ja n . 92 Ju ly
Illinois C en tral leased lin e s___100 . . . .
9% Apr.
K a n a w h a & M iohigan.................100
8%
7% J u n e
K eokuk & D es M oines................ 100 .....
12 j a n .
P re fe r r e d ................................1 0 0
13
13 Ju n e
12% June 22 Apr.
L. I. T raction!T ......... .........................t 15%
5 Feb.
6 Feb.
D ouisv. E v an sv . & St. L. C ons. 100 .......
P re ferred .................................... 100 . . . .
M ahoning Coal............................. 50 93
P re fe rre d ................................. 50 105 110 104 Aug. 107 M ar.
M etro p o litan T raction!!............. 100 ....... . .... 112 Ju ly 120 May
M exican C e n tra l...................... —100
8%
8% Apr.
6% Feb.
M exioan N a tio n a l....... ................100
M orris & E s s e x ....................... . 501155%
148 Ja n . 157 " M a y
N. Y. Lack. & W e s te rn ...
.1001
.......llO1 Jan. 115%]Aug.
«
in o
60
65 i 51 Jan." 59% A pr.
in n 1 3
6 J u ly
6 I 2% Aug.
-1001 152 . . . . . . 149 Ja n . 151 May
50] 23
26% 20 Ju ly 29% Apr.
.100 175 182 172% Feb. 180 Apr.
.100 114 115 109 % May 114% Aug.
‘ No p rice F rid a y ; la te s t p rice th is week.
t A c tu a l sales.

(% Indicates actual sales.)

Ü In d ic a te s u n listed .

Bid.

R ange (sales) i n 1894.

Ask.

Lowest.

it. Louis Altox & T er. H a u te ... 100 30
33
20 Ja n .
P re ferred ....... ..........................100 168 175 150 M ar.
Southern R y.—w hen is s u e d !!......... Í 13% 13% 12 Aug.
P re ferred
do
do ! ! ____ 1 40% 41% 34% Aug.
Toledo P eoria & W e s te r n ..___100
15 Apr.
Toledo St. L. & K an sas C ity I!.........
1
2%
2 Mar.
m is c e lla n e o u s S to c k s .
Adam s E x p re s s.............................100 148 151 148 M ay
A m erican B ank N ote C o l!...............
45
47
A m erican E x p r e s s ..—. . . . . . . . . 1 0 0 112 116 108 J u ly
Amer. T elegraph & C a b le .___ 100 t 90
92
85 Feb.
4%
B runsw ick C om pany.................. 100
5%
3 Ju n e
Chic. Ju n e . R y. & S tock Y ard s. 100
90 Aug.
P re fe rre d .....................................100
Colorado F uel & Iro n , p re f....... 100
Columbus & H ocking C o a l....... 100
4% Ja n .
Com m ercial C able....................1 0 0
Consol. Coal of M a ry la n d ..— 100 27% 33
28 Ja n .
E dison E le ctric Illu m in a tin g ... 100 Î100 100% 93 Feb.
in te rio r C onduit & In s. C o ........100
36 A pr.
Laclede G as....................
100 ! 19%
P re fe rre d .....................................100 t 71%
59 Ja n .
Lehigh & W ilkesbarre Coal U
22 May
M aryland Coal, p r e f .................... 100 40
60
M ichigan-Peninsular C ar C o ... 100
P re fe rre d . ................................. 100
47% J u n e
M innesota I r o n .............................100 Î 50
N ational L inseed Oil C o ............100 Î 17
17% 16 Feb.
N ational S tarch Mfg. Co............100
9% 10%
7 Ju ly
New C e n tral C oal......... ............... 100
9
6
7 Feb.
O ntario S ilver M in in g ..............100 i 7%
6% J a n .
P e n n sy lv a n ia C oal................
50 300
298 Feb.
50
60
P ostal T elegraph—Cable tf ...
Q uicksilver M ining...................... 100
3
1% J a n .
1%
P re fe rre d ..............
100 14
15
13% Aug.
T exas Pacific L and T rtts t......... 100
7% J a n .
U. S. E x p re s s—...................
48 Ja n .
t 54
U. S. L eather p re fe rre d 11....
52% J u n e
It 62% 63
U. S. R ubber p re fe rre d —.......... 100 Í 95 S 96% 80 Ja u .
W ells, F argo E x p r e s s ................ 100 115 120 u 0 9 Ju ly

Highest.
35 A pr.
167% J u n e '
13% Aug.
41 % A u g .
17 Apr.
2 M ar.
154% Ja n .
116
92
5
97%

A pr.
A ug.
M ar.
A p r.

70 A p r.
9% A pr.
150 Ju ly
31 M ar.
104 A pr.
55% M ay
20 Aug.74% Aug.
22% M ay
59 78 Feb
25
12
8%
12
315

Ja u .
Aug.
M ar.
May
Ju n e

3
17%
11%
57
68%
96%
128

Feb.
M ar.
A ug. :
Ja u .
Apr.
Aug.
Jan .

....

NEW YORK STOCK EXCHANGE PRICES.—STA TE BONDS AUGUST 31.
A lab im a —C lass A, 4 to 5 ........1906
Class B, 5 s ............................1 9 0 6
Class C, 4 s ................................ 1906
C urrency fu n d in g 4 s .............1920
A ’k a n sa s—6s, fu n d , Hoi. 1899-1900
do. N on-H olford
7s. A rk an sas C e n tral R R .............
X iiulsiana—'7 s, co n s......... ..„ .* 9 1 4
S tam ped 4 s ............ .........................
New eonols. 4 s......... ............. 1914.

Bid.
102
92
92
2
150

1

105
100
94%

Ask.
104
100
100
10
10
95

SEC U R ITIE S.

Capital Surplus

Bank of New York..I 2,000,0 1.989.1
M anhattan Co......... 2,050,0 1.931.3
M e rc h a n ts ’
2,000,0
964.3
M e c h a n ic s ’—
2,u00,0 2,060,0
A m e ric a ........
3.000. 2.219.5
0
P h e n ix .............
1.000.
0
447.3
1,000,0 2.890.7
•C ity .................
T ra d e s m e n ’s :.
760.0
153,2
C h e m ic a l —
300.0 7.272.2
M e r c h a n ts ’ E x c h ’g e
600.0
148.1
'G a lla tin N a t i o n a l ... 1,000,0 1.602.4
B u tc h e r s ’& D ro v e rs
300.0
265.4
M ec n a n ic » ’ & T r a d ’s
400.0
410.4
•G reen w ich
200.0
168.1
L e a th e r M a n u fa c ’r s
600,0
531.1
S e v e n th N a ti o n a l...
112.4
300.0
•S ta te of N e w Y o rk .
1,200,0
498.1
A m e ric a n E x c h a n g e 5.000.
0
2.303.6
■Com m erce.......... .
5.000. 3.499.2
0
B r o a d w a y ......... . . .
1.000. 1.551.8
0
M e r c a n t ile ____ ....
1,000,0 1.100.6
.P a c ific .........................
470.8
422,7
R e p u b lic ....................
1.500.0
926,6
C h a th a m ...... ...........
450.0
963.5
P e o p le ’s ....................
200.0
318.2
N o r t h A m e r ic a ..........
700.0
615.4
H a n o v e r ...................... 1,000,0 1.901.2
I r v i n g . .......................
500.0
332.9
C itiz e n ’s ................. .
600.0
378.3
N a s s a u .........................
500.0
286,0
M a rk e t & F n lto n ...
750.0
789.6
S h o e & L e a th e r ____ 1,000,0
255.5
C o rn E x c h a n g e ____ 1, 000,0 1.247.2
C o n ti n e n ta l............... 1, 000,0
211.4
G r i e n t a l . . . . . . ............
300.0
419.2
I m p o i t e r s ’& T ra d e rs 1.500.0 5.160.7
P a r k .............................. 2,000,0 3.081.4
E a s t R i v e r ............. .
250.0
135.5
F o u r t h 'N a tio n a l___ 3.200.0 1.966.0
•C e n tra l N a t i o n a l .... 2,000,0
502,8
S eco n d N a t i o n a l ..—
300.0
572.4
N i n t h N a tio n a l
750.0
369.2
F i r s t N a ti o n a l_____
500.0 7.301.0
T h i r d N a ti o n a l..
1,000,0
174.7
N .Y . N a t. E x c h a n g e
300.0
139.0
B o w e ry
250.0
651.5
N e w Y o rk C o u n ty ..
200.0
556.4
G e r m a n A m e ric a n .
750.0
302.4
C h a s e N a ti o n a l____
500.0 1.162.8
F i f t h A v e n u e ........
100.0 1.029.5
• G e rm a n E x c h a n g e .
200,0
604.1
G e r m a n i a ........... .
200,0
602.5
U n ite d S t a t e s ...........
500.0
514.8
L in c o ln . —— ..........
800.0
510.9
G a rfie ld ......................
537.2
200,0
F i f t h N a t i o n a l .......
200.0
311.0
B a n k of t h e M e tro p .
719.2
800,0
W e s t S i d e ................
200,0
294.5
S e a b o a r d ....................
500.0
225.3
S i x t h N a ti o n a l.........
342.4
200.0
W e s t e r n N a ti o n a l.. 2.100.0
238,2
F i r s t N a t. B r ’k l y n . .
300.0
856.6
6C0.0
S o u th e r n N a tio n a l..
567.7
.N a t. U n io n B a n k ,... 1,200,0
279.5
500.0
L i b e r t y N a t. B a n k .
103.0

Loans.

Specie. Legáis. Deposits.

15.680.0
13.480.0
9.381.2
9.609.0
19.147.0
4.871.0
21.777.7
2.423.2
26.180.7
3.719.7
6.667.1
1.867.7
2,180,0
1.206.3
2.988.1
1.791.7
3.271.0
23.398.0
22.040.9
5.900.7
8,000,9
1.789.8
12.699.1
5.185.6
2.266.9
5.246.4
18.134.4
2.834.0
2.567.6
1.903.4
4.907.4
3.162.0
7.921.1
4.997.3
1.825.5
22,357,0
23.305.5

2,280,0
2.424.0
1.803.6
1.394.0

$

4.930.0
4.469.0
2,362,8
3.110.0
1.873.2 5.350.7
527.0 1.498.0
7.116.2 7.880.0
347.8
389.7
6,731,9 6.618.0
766.1 1.118.8
1.235.8 1,184,4
123.8
450.4
380.0
460.0
120.4
158.4
514.0
450.0
272.7
219.0
100,6
462.3
2,107,0, 5.367.0
3.078.6 6.209.1
1.009.1
725.5
1.570.7 1.705.1
590.2 1,237,9
1,703,5 2.996.6
1.140.3 1.672.6
228.2
476.7
1,028,0 1.501.7
4.670.3 3.982.7
386.7
580.6
638.5
871.3
857.4
591.8
589.1 1,288,6
612.0
512.0
1.853.2 1,018,0
1,111,1 1.786.7
238.8
419.3
4.270.0 7.205.0
5.097.9 5.674.1
1.092.6 129.1
149.3
20.675.2 4.930.0 4.011.0
8.839.0
366.0 7.236.0
4.412.0
945.0 1.496.0
3.922.8
788.8
581.9
24.417.9 2.691.4 3.112.0
8.346.6 1.683.4 1.215.1
92,9
1.308.8
321.2
2.545.0
452.0
484.0
3.013.0
271.0
756.0
577.0
2.828.7
546.0
13,214,4 4.814.8 3.059.0
5.770.3
871.8 1.126.0
195.8
2.782.5
517.6
2,819,:
495.8
485.3
5.654.1 1.282.4
858,"
5.480.1 1,613,7
764,8
3,776,'
783.7
461,if
1,745,:
233.1
285,:
4,483,
787,( 1,334,,
2.275.0
739,<
294,<
4.277.0
814, (
911.1
1.815.0
27M 262.1
11,063,2 1,935,: 3,163.1
4.679.0
958,t
509,1
2.482.1
128.1
701,'
8.204.5 1,139, 1,143,
1,467,0
361,
254.1

$

19,000,0
17.376.0
11.709.7
10.619.0
22.307.0
5.468.0
82.681.9
2.484.0
32.359.7
4.823.5
6.576.2
1.753.1
2.405.0
1.145.8
2.764.0
2.003.9
2.426.6
21.335.0
21.976.9
5.711.6
8.960.4
3.287.3
15.292.2
6.531.9
3.093.8
6.360.6
23,889,6
3.034.0
3.065.8
2.816.7
5.517.8
3.740.0
9,174,7
7,313,6
1.860.0
27.839.0
29.888.5
923,9
25.720.8
U ,658,0
6.069.0
4.567.9
23.240.0
10.030.5
1.312.5
2.840.0
3.547.0
3.081.5
19.393.2
6,640,8
3, 015,1

3 .5 4 1 .0

SEC U RITIES.

Bid.

MEIK
C ,
Ask.

New York City, Boston and Philadelphia Banks ::
s
Capital &
BANKS. Surplus. Loans. Specie. Legáis. Deposits, t Circ’Vn Clearings.
N. Y o rk .*
$
$
Ï
$
$
$
$
July 2 8 .... 133.708.5 481.633.6 90.612.9 1272656 584,019,1 9.871.0 387.790.4
Aug. 4 ... 132.899.6 432,304,5 90.546.9 1238953 581.558.0 9.812.1 412,455 3
“ 1 1 .... 132.899.5 484.622.7 91.052.7 1212093 581,036,6 9,784,9 388.980.8
“ . 18 ... 132.809.5 486.293.8 91,028,4 1230005 581.019.0 9.7 til,4 422.272.4
* 25 ... 132.899.5 488,763,7 90.744.8 1224203 583,785,8 9.756.7 423.692.8
B oston.*
A u g .n .... 69.351.8 174.138.0 11.466.0 10.364.0 169.381.0 7.114.0 70,656,2
“ 18— 69.351.8 173.730.0 11.258.0 9.176.0 168.583.0 7.092.0 71.788.7
* 25— 69.351.8 174.753.0 11.176.0 8.384.0 168.804.0 7.087.0 70.870.7
.«
Philo..*
Ang. 1 1 .... 35.810.3 109.126.0
37,3 91.0
116.970.0 5.197.0 47.794.9
“ 18— 35.810.3 108.783.0
38,1 12.0
117.684.0 5.191.0 55.639.9
“ 25— 35.810.3 109.392.0
117.536.0 5.218.0) 5 3 .0 7 4 .9
37,5 50,0
We omit two ciphers in all taese figures. t Including lor Boston anu re
d e lo h ia t h e ite m “ d u e t.o o t h e r b a n k s .”

Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
M is c e lla n e o u s B o n d s, i

C h, J u n .& S. Y d s .—C o l.t,g .,5 s
C o lo rad o F u e l—G en . 6 s ......... ¡J
Col. & H o c k . C o a l & I , —6s, g.
C o n so l’n C oal—C o n v e r t. 6 s .
C o n s.G a s C o..C hio.—l s t g u . 5 s
D en v . C. W a fc W k s.—G en .g .S s
D o t. G as co n . 1 s t 5 s —...............
E a s t R iv e r G as 1 s t g . 5 s___—
E d is o n E le c . 111. C o .—1 st 5 s .
E q u i ta b l e G . & F .—1 s t 6 s ___
H e n d e r s o n B r id g e —1 s t g . 6 s .
H o b o k e n L a n d <& I m p .—g . 5s
M ic h .-P e n in . C a r 1 s t 5 s, g . . . .
M u tu a l U n io n T e le g .—6 s g . .
N o r th w e s te r n T e le g r a p h —7 s.
P e o p le ’s G a s & C. 1 1 s t g . 6 s .
Co., C h ic a g o ..— ) 2 d g . 6 s ,

M is c e lla n e o u s B onds.
*103 b . P e o r ia W a te r Co. — s, g . . . . .
6
P le a s . V a lle y C o a l— s t g . 6s.
1
9 8 %b.
9 0 a. P r o c te r & G a m b le —1 s t g . 6s 112 b .
*101 %b. S u n d a y C re e k C o al 1 s t g 6 s„ * 97 h .
U . S. C o rd a g e —1 s t col. g ., 6 s .
82 %a.
U S. L e a th e r —S .f . d e b ., g .,0 s 109 b .
* 50 a. W e s te r n U n io n T e le g . — . . . *110 b .
......
W h e e l.L .E & P .O o a l - l s t g . S s
64 a .
n o b.
U n lis te d B o n d s.
A m e r. D eb. Co. col. t r . 5 s . . .
....
C o m sto c k T a n n e i —In o . 4 s . .
4% b.
-.....
G eo. P a o —1 s t 6 s g. o t f s ......... 105 %b.
*100 a.
2 d m o rt. in c o m e . . . . . . . . . .
n o b.
C o n so l. 5s, g. c t f s _____
50 b .
*108 b.
I n c o m e 5s. o tf s . . . . . . . . . . . .
13% b.
...
M e m .& C h a rle sto n —C on. 7 g.
100 b. S o u th . R y . 1 s t 5s, w h e n is s ’d
8 8 %b.

Note.— 5” indicates price b id; “ a ” price asked. * L atest price th is week
“

Bank Stock List.—Latest prices of bank stocks this week.
BANKS.

B id .

203
154
280
230
168
120
450
Chase
,370
Cnal
f i h a thia m ,
C h e m ic a l . . . 4 200
C it y .........., . 425
C itiz e n s ’___ 137
C o lu m b ia —.,
C o m m e rc e .. 170
C o n tin e n ta l 120
C o rn E x c h . 280
D e p o s it........ 25
140
200
200!

A m e r i c a ........
A m . E x o h ...
B o w e r y .........
B ita d w a y ...
B n tc h s ’& D r.
C e n tr a l . . . . . .

7.183.0
6,872,7
4.742.6
1.943.7
5,849,3
2.835.0
5.457.0
1.702.0
13,819,2
5.064.0
2,503,6
9.035.8 F irs t" .....
1.614.9

T o t a l............. '.___ 61,622,7 71,276,8 488.763.7 90,744,8)1224203 585,786,8




Ask.

d lssouri—F u n d ............. 1394-1895
—
T ennessee - 6 s , o ld ___—1892-1898
N orth C arolina—6s, o ld ...........J & J “¿ o ”
6s, new b o n d s ......... 1892-8-1900
F u n d in g a c t............................ 1900
10
do
new se rie s........ —..1 9 1 4
New bonds, J & J ......... 18921898
15
C om prom ise, 3-4-5-6S. . . . —.1912
C hatham R R ...................................
5
2%
3 s ............ - ...........
1913 78
78%
S pecial ta x , Class I .......................
3
4
R edem ption 4s . . . . . . . . . . . . . 1 9 0 7
90
C onsolidated 4 s ..................... 1910
97
do
4% s—................1913 105
6 s ............................................. 1919 124
P e n ite n tia ry 4% s.................. 1913 102%
S outh C arolina—4%s, 20-40.. 1933 100 102
V irginia fu n d ed d eb t, 2 -3 S...1 9 9 L 58% 58%
6s, n o n -fu n d ............................1888
1% . . . . .
6 b, d eferred t ’s t reo’ts, sta m p e d .
7
8 ,

New Vork City Bank Statement for the week ending
August 25, 1894, We omit two ciphers {00) in all cases.
Ba n k s.
(00s o m itte d .)

Bid.

JF ourth

.

A sk .
212
295
250
175

BA NK S.

B id.

G a lla tin ......... 305
G a rfie ld .........
G e rm a n A m . 116

G e r m a n ia .... 330
G re e n w i o h .. 150
310
H a d . R iv e r .. 150
400
4800 I m . & T r a d ’s ’ 540
I r v i n g . ........ 140
L e a th e r M is ’ 185
150
525
M a n h a t ta n .. 185%
179
....
M a rk e t& F n l 210
M e c h a n ic s ’ .. 178
286
M ’c h s ’ & T r s ’ 145
160
M e r c a n t ile .. 170
_
_
M e rc h a n ts ’. . 135
no
I......... M s ic h ’t s E x . 430
M e tr o p o lis ..
2500
M.t. M o r r is .. 160
114%
M u r r a y H ill
105*"
N ew Y o r k ... 225
191 !195
; 10
! 0

SEC U R ITIE S.

A sk .
325
__

32(5”
55Ó
150
210
190
220
132
160
2 JO
140
465“

107"

240

BA NK S.

Bid. A sk .

N .Y . Oo’n ty 520
N .Y . N at. ISa. n o
N in th ........... 119
Í3 0
N. A m e ric a . ’40
O r ie n ta l . . . 230
170
P a r k ... . . . . . 230
P eo p le’s . . . 266
P h e n ix .. . . . 118
P ro d u c e E x .
R e p u b lic .... 155**
S e a b o a r d . . . 170
S eco n d . . . . . 300
S e v e n th
1.20
S h o e * L e’t h 103
St. N icholas.
S o u t h e r n . . . 160
S ta ie o f tf.Y . 106
108
T ra d e sm ’n ’s
U n ’d S ta te -' 175
no
V e s t S id e .

600 ,
125
125
16(5
250
300"
300
125
160*"
__T|
,m
m
120
175
108
100
—

364:

THE

CHRONICLE

B O S T O N , P H I L A D E L P H I A , A N D B A L T IM O R E
Active Stocks.
U In d icates unlisted.

[ V o l . L IX ,
STO CK E X C H A N G E S.

' S h a re P r ic e s — n o t P e r C e n ta m P ric e s .
S a tu rd a y ,
Aug. 25.

M onday,
A ug. 27.

T u esd ay ,
Aug. 23.

W ednesday,
Aug. 29.

T h u rsd ay ,
Aug. 30.

F rid a y
Aug. 31.

A tch. T. & 9. F e (Boston). 100
6V
6%
6V
65s
68a 6*8
6V
6V
67ie 7V
7V
7V
A tlan tic & P ac.
“
100 * 1 % ....
*138 I V
IV
IV
IV
IV
*1 V
IV
*74
75
*74% 80
B altim o re & Ohio (Balt.). 100 75
....... 75
*75% 76 V
1 s t p re fe rre d
“
100
125 .........
*110 115
2d p re fe rre d
“
100
'115 .........
B a ltim o reT rao ’n (P hil.).. 25 1138 14V 14V 14V
1438 143& 14V 14V *14
14V 14V
1436
208 203
B oston & A lbany (Boston). 100 208 208
208 208
r......... 208
. . . . . . 205
207 V 208
B oston & Low ell
“
100 1 9 3 V 1 9 3 V 193V 193V
193 V 193 V r193
*193 194
B oston & M aine
“
100 147V 147% 147V 148
147% 147% 1 4 7V 147V 147% 147% 147% 148
13
13
C en tral of Mass.
“
100 *12V 15
13V 13V *12 V .........
14
12V 12V *13
*48 . . .
P re ferred
“
100
*48 . . .
47 -4 7
Chic. B ur. & Quin.
100 78*4 78% 783». 7 9 % 78V 793s 77
78V 76V 7 7 78 77
77%.
Chic. Mil. & St P . (P h il).\Q 0 653s 66 V 65% 663s 65V 6 6 *
* 64 V 65% 64V 65% 65V 6 5 78
22
......... 22
Chic. & W. M ich. (Boston). 100 *18
*18
22
......... 2 1V *20
21V
Cleve. & C anton
“
100
•50
.....
2
P re fe rre d
“
100
.......
2
*1
2
F itc h b u rg pref.
“
100 70V 70V 70V 71
70 V 71
70% 70% *70 . . . . . . *70
71
H u n t. & B r Top. (PM la.). 50 *32V
33
S3
*32% . . .
3 2 V .........
*33
*33
34
50V 50% 50% 50% 50% *50V . . .
P re fe rre d
“
50 *50
50 V 5ÔV
L ehigh V alley
“
50 38% 39V 38% 39
39V 39%
39V 39V 39V 393s 39
39V
M aine C entral (Boston). 100 *115 . . . . *115 ......... *115 ......... 115 . . .
*115
*115
M etropolitan Trac. (Phil) .100 117% 118
118 118
118 118
118 118
117V 117%
M exican Cent’l (Boston) .100
8% 8%
8 78
8 78
8%
8%
8% 8 7e
8V
8V
8V
8V
N.Y.& N.E.,tr.rec.§ “
100 27V 27V
27V 27V 26V 27V
26V 27
25V 26
26% 27
60
P re fe rre d ,tr re c .5 “
100 *53
60
60V ‘ 59
61
59V 59 78 *59
59 78 60
N o rth ern C entral (B ali.). 50 * ...... 69V . . . . . . 69V ......... 69V
69V 69V *69 '6 9 V *69
69V
53s 6
N o rth ern Pacific (Phila.) 100
5V
5V
5V
53s
5V
57s
53e 5V
5V
5V
P i ef erred
“
100 18V 18V
19V 20V
19% 19%
20%
19V 19V 19V 19% 20
Old Colony___ (Boston). 100 180 180
180 180
......... 180
179 V 180
180 180V 1 7 9 V 180
P e n n s y lv a n ia ...(P h ila.). 50 50V 50% 50V 50V 50 V 5*1% 51
51V
51V 51V 51% 51%
P hiladel. &E rie .
“
56 *2 2 V 26 *22 % 25
Phila. & Reading.
“
50 103s 115,0 101318 l l l j e
10161» 10V 1 0 % i o > 1 U ,« 10>316 i f i i a
P h ilad elp h T rac.
“
5o 98% 99
99
99V 99
98
99 V 99
98% 98
99V
93 V
S um m it B ran ch (Boston). 50
.........
8
*4V
*4V
Unión P a c ific ....
“
10Ó *13V 13V *14V 14V 13
13% 13V 13 V 13
14
‘ 13% 14
U nited Cos of N.J.rPA«a.>100 * . . . . . . 232V 232V 232V k
232 V 232 232% 233 233
233 233
*2% 3
W esternN .Y.& Pa. “
100
*2%
*2 % 3
*2 V
m is c e lla n e o u s S to c k s .
Am. Sug’r Refin. fí (Boston ) . . . 11278 113V 110V 114
1 1 1 112V 107% 110V 106V 108 V 104% 107V
P re fe r r e d ....... .
“
...
98% 98 78 99
99% 97% 99
97V 97V
97
97V 97V 97
201 201
B ell T elephone..
“
100 200 201
201 201 *200 201 *200 201
201 202
B ost & M ontana.
“
25 27
27V 27V 27V 27V 27V 27
27 V 26% 26%
B u tte & B oston..
“
25 10V 10V
9%
9%
10V 10V
9% 10
*9% 10
9%
9%
C alum et & IJecla
“
25 *290 295 *290 295 *290 295
290 292 *290 295 ‘ 285 290
C a n t o n C o ...........(B a lt > .1 0 0
85V 86 V 86 V 86 % *85
87
‘ 86
87
*86
87
86 V 86 V
Consolidated G as
“
10Ó . . . . . 67V 67
67% 67% *67
67V
67% 67
67
*67
67V
E tie Telephone - (Boston>.100 48
48V
48 V 48 V *48% 49V 43% 49
*43
49
48 V 48%
G en eral E lectric.
“
100 42V 43
42V 42V 41% 41% 39V 41
40
40V 40% 40%
*
75
“
100 74
P re fe r r e d .........
75
75
75
72
72
L am souStoreSer.
“
50 25
25
24
24
*24V 25
24% 24% 24,
24
24
24
52
L ehi’h Coal&Nav. (Phila.) 50 52
52
53
52
52
52
51V 51V *5L
52
52
N. E. Telephone (Boston) 1Ö0
67
68
*66 V 63
*66
63
*66 V 67V *66 V 6 /V
N o rth A m erican (Phil.) .100
4%
4%
4%
4%
23,0 2316 *2V
W est E n d L a n d ..(Boston) . . .
23,0 2Ve
2V
2 *8 *2V
2*4
2*8
2 l4
*2V
§ 3d in stalm en t paid.
* B id ana asked prices; no sale w as m aae.

Inactive 8tocks>
Prices o f A ugust 31.
A tla n ta & C h a rlo tte (Bait.).)
B o sto n & P rovidence (Boston). 1
0 * rnden & A t a n tic pf. (Phila.).
O a ta w is s a ......................
“
“
1 s t p re fe rre d ....... ..
2d p r e f e r r e d .......
“
C e n tral O h io ........... (Ball.).
0 la ri. Col. & A u g u sta
“
1
C onnecticut & P a ss . (Boston). 1
C o n n ecticu t R iv e r ...
“
1
D elaw are & B ound B r.(P A ifa.).l
F lin t & P ere M a rq ... (Boston).)
P r e f e r r e d ...............
“
1
H *r.Ports.M t.Joy& L . (Phila.).
K an. C’y F t.S .& M em . (Boston).1
P re fe rre d .............. ...
“
1
L ittle S c h u y lk ill..... (Phila.).
(Balt.)
M aryland C e n tral___
Mine H ill & 8 . H av en (Phila.).
N e sq a e h o n in g V a l....
“
N o rth ern N. H ............ (Boston).1
N o rth P en n sy lv a n ia . (Phila.).
Oregon S h o rt L in e .. . (Boston). 1
P en n sy lv an ia & N. W . (Phila.)

j Bid.

Ask.

Inactive stocks.
Bonds—Boston.

Bid.

A sk.

S ales
of th e
W eek,
Shares.

R ange of sales in 1894.

L ow est
H ig h est ;
18,829
3V J u ly 23 16 V M ar. 29»
126 •50 Aug. 9
1 % M ar. 14
100 67V J a n . 4 81 Apr. 9
125 J a n . 17 129 Apr. 19*
108 Ja n . 31 119 M ay 12
2,294 13V Aug. 21 17V Apr. 9
105,198 J u ly 2 212 Apr. 30
1 3 |l8 2 78 Ja n , 10 193 V Aug. 25158;126 Ja n . 15 150 A pr. 17
535, 10 V Ju ly 24 14V M ar. 10
2 46 J an,
49V A ug. IS17,04 t 70 V Aug.
84 V M ar. 21
28,300 5438 J a n .
66 % Aug; 27"
10 J u n e
25 V M ar. 13
•45 Ju n e
•50 J a n . 3
2 Feb. 24
2V J a n . 16
382 66 % Ju n e
81 F eb. 7
50 29% Apr. 25 35 J a n . 10
47 47 May
52 J u ly 11
1,140 36 M ay 21 4236 M ar. 13
101 J a n . 16 115 Aug. 24
1,104 x96V Ja n .
122 A pr. 12
2,255
5% J a n .
93s A pr. 3
2 ,5 8 1 +3V M ay 19 27 7s Aug. 23
490 +24V M ar. 20 60V Aug. 2 7 '
25 66 J u ly 17 69V Aug. 22
6,523
3 V Ju n e 23
6 V M ar. 21
2,375 12% J u n e 25 23% M ar. 31
103 170 V J a n . 2 180V A ug. 3 0 ’
2,834 48 J a n . 5 52V A p r. 7
21% J a n . 20 28 V F eb. 1
56,587
7% M ay 21 11% M ar. 12
6,509 t8 3 V J u ly 2 115V A pr. 11
4 V M ay 24
7% M ar. 5
720
6 78 J u ly 3»> 22 V M ar. 31
129 227V Mar. 21 234 J u n e 19
78 J u ly 17
2% Aug. 13

53,193
989
184
1,340
880
5
480
375
448
3,934
165;
189
239

75% Ja n . 24
79 J a n . 3
163 Feb. 26
22 J u ly 21
7 78 J u ly 23
265 J u n e 22
66 J a n . 18
53% J a n . 3
42 Feb. 21
3038 Ja n . 3
56 Ja n . 4
12V J a n . 2
50 M ay 23
49 F eb. 28
35u
2 % J u n e 27
310 i l V J u l y 3
t E x rig h ts .

Bonds.

11478 Aug. 21
100 Aug. 21
204 J u n e 23
29 A pr. 5
I l V A pr. 9 *
302 J a n . 18
8 6 % Aug. 27
67% A ug. 21
49 A u g , 29 »
45 V M ar. 8
75 M ar. 8
26 A pr. 7
55 M ar. l i
63 Aug. I 4
5 V M ar. J q.
12 V M ar 2«
Î Old c e rts.
Bid. A sk

P a. & N. Y. Ca., oon. 5 s.l9 3 9 , A&O 110 f i l l
0 | 91
93
73
A t.T op.& 8.F.100-yr.4g.,1989, J & J
73V P erklom en, 1 st s e r.,5 s .l9 1 3 , Q—J ......... 104
0 255 260
2 d 2 V -4 s,g ., Class A .. 1989, A&O 24V 25V Pnila.& E rie gen. M. 5g.,1920, A&O 116 V;.........
0 35
B oston U n ited G as 1 st 5 s . . , . .........
81
82
Gen. m o rt., 4 g ...........1920, A&O 1 0 1 V
0 .........
5
2d m ort. 5 s .............................1939
60
60V P h ila & R ead, new 4 g., 1958, J& J
79
79 V.
0 ___
52V B url. & Mo. R iver E x e m p t 6s, J& J
1 st pref. incom e, 5 g, 1958, F eb 1 36
36
0 49% 50
N on-exem pt 6s...........1918, J & J
2d p ref. incom e, 5 g, 1958, F eb. 1 25 V 25V
9 ......... 52V
P la in 4 s .................. ....1 9 1 0 , J& J
3d p ref. incom e, 5 g, 1958, F eb. 1 ¿¡O'* 20V
9 25
27
Chic. B url. & N or. 1 st 5,1926, A&O
2d, 7 s..........................1 9 3 3 , A&O 119 V
0 127
2d m ort. 6 s.................1918, J& D
Consol, m o rt. 7 s ......1 9 1 1 , J& D
9 225 230
D ebenture 6 s..............1896, J& D
Consol, m o rt. 6 g .........1911, J&D
12 0 V
9 . . . . . . 165
Ohio. B url. & Q uincy 4 s ..1922, F&A
Im p ro v e m e n t!!. 6 g., 1897, A&O 106V
> 13
15
Iow a D ivision 4 s .....1 9 1 9 , A&O
C on.M .,5 g.,stam ped.l922.M & N 101
) 42
46
Chio.&W.Mich. gen. 5s, 1921, J& D
T erm inal 5s, g ........ 1941, Q.—F.
9 84
P hil. R ead. & N. E . 4 s .. . . . . . . 1942
......
y 17V 20
Incom es, series a ........*.........1952
3 55
60
Incom es, series B ................. 1952
0 65 —
E astern 1 st m o rt 6 g.l906,M & S ..
P h il. Wilm. & B alt., 4 s . 1917, A&O 101%
"'ree.E lk.& M .V .,1st, 68.1933, A&C
P itts. C. & St. L ., 7 s___1900, F&A 114
9 68
U nstam ped 1st, 6 s___1933, A&O
8 chuyl.R .E .S ide,lst 5 g.1935, J& D 109 V
9 54V .........
Steuben. & ln d .,ls t m. ,5s. 1914, J& J 107V
9 ......... ............
U nited N. J ., 6 g ............ 1894, A&O 102 —
9 85
87
W arren & F ra n k .,1 st,7s,1896,F&A
7
)
6V
B o n d s .—B a ltim o r e .
) ......... 40
A tlan ta& G h arl., 1 st 7s, 1907, J& J 118 118V
9
2
2V
Incom e 6 s.................. 1900, A&Q 103 1Q5
P re ferred ___. . . . . . .
“
] 9 70
72
2m ., 5—6 g ......... ........ 1936, A&O
92
B altim ore B elt, 1st, o s. 1990, M&N 104 105
S eaboard & R o an o k e. (B a lt.)) 3 ......... .........
103
B altim ore & Ohio 4 g ., 1935, A&O 103
1 s t p r e f e r r e d .......
*•
1 9 ____
58V
P itts . & Conn., 5 g . . . 1925. F&A
W est E n d . ... . . . . . . . . . ( B o s t o n ) .
) 54
54 V 1 st oonsol.ineom es, 3 g, non-com.
14
S ta te n Islan d , 2d, 5 g.1926, J& J
96 100
P re fe rre d ............ .
“
1 79
2d consol, incom es. 3s, non-enm .
79V
8, BAl.&Ohio S. W .,lst,4 V g .l9 9 0 , J& J 106
W est J e r s e y . . . . . . . . . . (P hila,).
1 55 ......... ] ï. Y. & N .E ng„ 1 st, 78,1905, J& J?
113V C apeF .& Y ad.,S er.A .,6g.l916, J&D
73
80
v» est Je rse y & A tlan .
“
> 14
20 I 1 st m ort. 6 s . . . . . . . . . . . .1905, J & J
109
Series B ., 6 g ................ 1916, J& D
73
80
) .........
W estern M a ry lan d ..
(B alt.).
2d m o rt. 6 s . . . .............1902, F&A
103
S eries C., 6 g . . . . . . _ 1916, J& D
_
73
80
W ilm. Col. & A u g u sta
“
1
100 ......... <)gden. & L .C .,C o n .6 s...1920,A&O '
103V Cent. Ohio, 4 V g . . ....,.1 9 3 0 , M&S
Wilmi agt’n & W eldon
“
1 > .........
In c. 6 s ......... ............................1 9 2 0 1
20
C hari. Col.&Aug. 1 st 7S.1895, J& J 102 102 V.
Wisconsin C e n tr a l... (Boston). 1
4
4V I
íllO
Ga. C ar. & N or. 1 st 5 g ..l9 2 9 , J& J
86
88
“
1
P re ferred ............ .
. . . . . . 25
2d, 5 s............................ 1 8 9 8 ,F&A noo
N orth. C ent. 6 s.............. 1900, J& J
111V 313%
WoroVt.Nash.&Roch.
“
1
118 122
6 s „ ........
1904, J& J 115 1 1 0
„ Bonds.—Philadelbhia
MISCELLANEOUS.
105V
Series A , 5 s................... 1926, J& J 112
A 11ones M ing,asst p d (Boston).
•25
•50 Í
1Ô.2V
4 V s ......... ......................1925, A&Q 105
A tlantio M in in g ......
“
I
9V 10
111
P ie d m .& C u m .,lst, 5 g . l 9 l l , F&A
95 100
C ity P assen g er R R .. . (Balt.).
C
58V 59
P itts. & C onnells. 1 st 7S.1898, J& J 109 V 110
11
11V C
118
V irginia M id., 1 st 6 s . . . 1906, M&8 117
B o sto n L an d ............
“
3%
4V C
2d Series, 6 s.................. 1911-M&S 116%
C en ten n ial M in in g ...
“
1 I
127 m .
3d S eries, 6 s ................1916, M&S 111V 113
E le c tric T r a c tio n .... (Phila.
88 V I
108
4 th Series, 3-4-5s....... 1921, M&S
80
Do
tr. rets. $30 pd. “
. . . . . . 68 V E
116%
5 th S eries, 5 s ...............1926; M&S 102%. 103
F o rt W ayne E lectric^ (Boston). 25
2%
3
E
102 102V W est V a C. & P . 1st, 6 g. 1911, J& J 104 V 105
F ra n k lin M in in g .....
«
25
9 V 10V L
110V
W ert’l.N .C . Consol. 6 g.1914, J& J 109 109 V
F re n ch m ’n ’s B ay L’n d
“
5
1
IV
2d 6s, gold..............................1897, J& D V
107
W ilm. Col. & A ug., 6 s .. 1910, J& D 114 115
Illin o is S t e e l .............
“
100 51
51V
G eneral m o rt. 4V s, g.1924, Q—F 104
MISCELLANEOUS.
K earsa rg e M in in g ....
“
25
6
6 V Lm
’ V al.Coal 1st 5s,g. 1933,J& J
B altim ore—City H a ll68.1900, Q—J 111 112
M orris Canal gu ar. 4 . (Phila.). 100 ......... 80
L
t V alley, 1 st 6 s.. .1898; J& D ib'sT'
J
F u n d in g 6 s . . . ...............1900, Q— 111 113
P re fe rre d gu ar. 1 0 .
“
100
1910, M&8
2d V s......................
130
W est M aryi’d S B . 6 s ..1902, J& J 112
Osceola M ining...........(Boston). 25
23
24
Consol. 6 .................................1923, J& D
121V 122V
W ater 5 s ......... ...... ...1 9 1 6 , M&N 121 122
P ullm an P alace C a r..
“
100 162V .64
Í
Penn. 1 s t, 7 s ....l8 9 6 ,M & N 106V
F u n d in g 5 s . . . . . . ........ 1916, M&N 120 122
Q uincy M i n i n g .......
“
25 90
92V
Gen. M. 7 s....... ........ * ..1 9 0 3 , J& J 123
E x ch an g e 3 V s............ 1930, J& J 102% 103
T am arac k M in in g ....
(<
25 162
.65
P
/lv a n ia g e n .6 s , r.»1910, V ar 131
V irginia (State) 3 s ,n e w .l9 3 2 , J & J
72
U n ited G as Im p t.
(P h il.).. . . . . .
Consol. 6s, 0
............ 1905, V ar
120 V C hesapeake G as, 6 s . . . . .1900, J& D 107
W ater P o w er............... (Boston). 100
1
I V - Consol. 5s, r . . . , ___________...1 9 1 9 , Vair112% Consol. G as, 6 s................ 1910, J& D 115
115V
W estin g .E lec.p fd . (B oston)___50
52
Ê.2 V . C ollât. T r. 4 V g ........... 1913, J&D
5 s . . . . .............................. 1939, J&.T 104 104V
A ssenting
“
. 50 34
c5 IIP
125 128
E q u itab le G as. 6 a ___..1 9 1 3 - A&O 111 115
P ric e includes overdue coupons.
Ï U nlisted.
§ A nd accru ed in te re st,
t L a s t p ric e th is w eek.
x ex-xights.




THE CHBOJNTCLE,

S e p t e m b e r 1, 1894. J

865

NEW YORK STOCK EXCHANGE PRICES (Continued)-A C T IV E BONDS AUG. 31 AND FOR YEAR 1894.
R a il r o a d

and

Closing R ange (sales) in 1894
P rice
Perioo A ug. 31
Lowest.
Highest.

M i s c e l . B o n d s . In ter't

R a il r o a d

and

C losing R ange (sales) i n 1894.
P rice
P eriod A ug. 31
Lowest.
Highest.

M i s c e l . B o n d s In ter't

Q - F 114 b. 111 Feb. 115 J u ly Mo. P ac. (Con.)—3d, 7 s . . . 1906 M « N 108 b. 103 Ja n .
fe
112
| J < « 73
fe ]
P ac. of Mo.—1st, ex., 4 g.1938 F «fe A * 98 b 95 Ja n . 100% A pr.
67 Ja n . 77% Ju n e
M ay
25
2d e x ten d ed 5s ............ 1938 J «fe J 106*8b, 99 Ja n .
1A A 0
s
20 Ju ly 38*2 Mar.
l 0¿*2 A pr.
F « A 20 b. 18*2 Ju ly
fe
St.L. < Ir. M t.ls t e x t.,5 s .1897 F < A 1 0 1 * b, 100*2 Feb. 103% M ay
fe
32*2 Mar.
2
&
•.......... 45*2
2d, 7 g ......... ............. ..„ 1 8 9 7 M « N "10114b. 102 Ja n . 109 A pr.
41*2 J u n e 53*4 Apr.
fe
1J « J
fe
3%
Cairo Ark. < T exas,7 g.1897 J « D "106 a. 97 Mar.
fe
2% J u ly
6*4 Mar.
fe
G en.R’y < lan d g r.,5 g .l9 3 1 A A O 79 a. 71 Ja n . 103% M ay
fe
: A « C 98
fe
90 Ju ly 107 Ja n .
s
81 Apr.
M« F
fe
U nion E lèv ated .91*2
fe
82 Ju n e 99*4 A pr. Mobile < Ohio—N ew ,6 g ..l9 2 7 J « D l113 b. 111*2 Ja n . 117% M ay
fe
C anada S o u th ern .i J « J 10934 a. 105*2 J a n . 111*2 Ju n e
fe
G eneral m ortgage, 4 s ___1938 M « S 66
fe
57 78 Ja«n. 66*2 Aug;
M < g 106*4 102 Ja n . 106 J u ly Nash. Ch. < St. L .—1st, 7s. 1913 J « J "125 b. 125*2 Ja n .
&
fe
fe
...........
Consol., 5 g ....................... 1928 A « O 101 * b. 98 Ja n . 130 M ay
51*2
32 Ja n . 52 Aug.
2
fe
102 Ja n .
C e n tra l of N. J.Q -J
112*2 J a n . 115*2 Ju n e N at’l S tarch Mfg.—1st, 6s. 1920 M «fe N 95 b. 88 Ja n .
95 Aug.
M« N
fe
121 Feb. 124 Apr. N.Y. C entral—Deb. ex t. 4 s .1905 M « N 104 * a, 101*2 Ja n . 104% A pr.
fe
2
1st, coupon, 7 s ......... ........ l9 0 3 J « J 126 b. 123 Ja n .
r J « J 116*2 110*2 J a n . 117*2 Aug.
fe
fe
Q—M *109 b. 105 J a n . 111 M ay
D eben., 5s, coup., 1 8 8 4 .. 19Ó4 M « S 109 b. 107 Ja n . 128*2 J u n e
fe
110 Feb.
M « N 100 b. 100 Feb. 103*8 Mar.
fe
N. Y. < H arlem , 7s, re g .l9 0 0 M « N 118*2b. 116% Ja n . 120*4 A pr.
&
fe
Am. D ock «fe Im p., ¡
R.W . «fe Ogd., consol., 5S.1922 A « O 116*2 113% Ja n . 117 M ay
J « J 113*2b. 108*2 Ja n . 113*4 Aug.
fe
fe
J « J 103 %b. 102 Ju ly 107% Apr.
fe
W est Shore, g u ar., 4 s ___2361 J « J
fe
Ja n .
A « O 120 *ea. 114% Feb. 120*2 Aug. N. Y. Chic, «fe St. L.—4 g . .. 1937 A A O 1033s a. l0o*2 Ja n . 105% J u n o
fe
101*2
s
97*4
Aug.
A « O 1187ab. 115*2 Ja n . 119% M ar. N. Y. E lev ated —7 s ............ 1906 J A J 1 1 0 %a. 108% J u ly 101*2 J u n o
fe
s
113
M « N 107 %b. 101% Ja n . 107*2 Aug. N. Y. Lack. < W.—1st, 6s. 1921 J «fe J 132 b.
fe
fe
127*2 Ja n . 134 JuneM«fe S 78
C onstruction, 5 s...............1923 F « A 1 1 2 b. 110 Feb. 113 % M ay
70% Ju n e 78*4 Aug.
fe
J « J
fe
90*2
84 Ja n .
9238 M ay N.Y.L.E.«feW.—1 st,con.,7g. 1920 M « S 135*4 131*2 Ja n . 137 A pr.
fe
J « J * 80 b. 78*8 Ja n . 88 M ar.
fe
2d consol., 6 g .................. 1969 J « D 76*2b. 70 May 86 M ar.
fe
M « S 1 0 1 *sb. 96 Ja n . 101 Aug.
fe
Long Dock, consol., 6s,g. 1935 A « O
fe
J « J 120 % 1 1 9 , Ja n . 123*4 J u n e N. Y. Ont. <feW.—Ref. 4s, g. 1992 M A S ' 88 * " 125 Apr. 129 M ay
fe
s
2
82*4
88*2 Aug.
M « N * 98 b. 97 Feb. 102 A pr.
fe
Consol., 1st, 5s, g ___. . . . 1939 J « D 109 78b. 107 J a n .
fe
C onvertible 5 s ............ ...190! M « S 104 b. 101*2 Ja n . 105 A pr. N.Y.Sus.«feW.—lstre f.,5 s g.1937 J « J 105*8b. 103 Ja n . 110% May
fe
fe
Ju ly
F < A 92 b. 90*8 Feb. 94% A pr.
&
M idland of N. J ., 6s, g ..,1 9 1 0 A «fe O 117 b. 115*4 A pr. 107*2 A pr.
118 Aug..
M « N 89%
fe
85*2 Ja n .
92*2 Apr. Norf.«fe W.—100-year, 5s, g.1990
70*èb. 74*2 Apr. 74*2 A pr.
2
M<& S *120 * b. 115*4 Ja n . 120*4 Aug.
Md.&W ash.Div.—1st,5 g.1941
73 b. 78*2 Apr. 81 Apr.
Chic. «feE. 111.J « D 115 b. 111*2 J a n . 118 M ay No. P acific—1st, coup., 6 g.1921
fe
J 112
105% Ja n . 114*2 Mar.
A « O 1 2 1 b. 118*2 Ja n . 123 J u n e
fe
G eneral, 2d, coup., 6 g . 1933
A O 86
s
713s Ju ly 893s M ar.
M « N 100*4
fe
G eneral, 3d, coup., 6 g ..l9 3 7
97 M ay 10178 A pr.
A D 62
s
46*2 Ju ly 64*2 A pr.
M « N 94 b. 91*2 Ju n e 100*2 Apr.
fe
Consol, m ortgage, 5 g ...l 9 8 9
A D 30*4
s
22*4 Aug. 34*2 Mar.
Oct. * 29 b. 27*2 J u ly 35*8 Apr.
Col. tr u s t gold notes, 6s. 1898 M < N 78*4
fc
75 Aug. 78*4 Aug..
88 a. 82 A pr.
Chic. Gas L. «feC.—I s t, 5 g . . 1937 J « J
fe
Chic. < N. P ac., 1st, 5 g.1940 A A O 46
fc
8934 J u n e
s
t4 0 Ju n e 48% Apr.
Chic. Mil. «fegt. P —Con. 7s “ J «fe J 12 7
Seat. L. S. < E ., 1st, gu.6.1931 F A A 50
fe
126 Feb. 130*2 A pr.
s
Ja
55 A pr.
I s t , S o u th w est Di v., 6 s.
J « J 115 &. 112 J a n . 116*2 M ay No. Pacific & M ont.—6 g .. 1938 M « g 33 b. t4 0 J u n .
fe
fe
25
ly 38 *2 Mar.
I s t , So. M inn. D iv., 6 s .
J « J *114*2b. 111% Ja n . 117% Ju n e No. Pacific Ter. Co.—6 g ...l9 3 8 J «fe J 100
fe
93 J u ly
J « J 109 %b. 107 J a n . 111*2 J u n e Ohio «fe Miss.—Con. s. f„ 7S.1898: j < j 10858b. 106 Ja n . 101% M ay
fe
fe
112 J u n e 1
J « J *105 b. 101*2 Ja n . 108*8 J u n e
fe
Consol., 7 s ......................... 1898 j & j 108 * b.
2
Wise, «fe M inn., Div., 5 ¡
J «fe J *107 b. 101 Ja n . 109 M ay Ohio S outhern—1st, 6 g ..,1 9 2 1 J « D 93 b. 106 Ja n . 11178 Junefe
88 Aug. 97 M ar.
J « J 108 b. 105 J uly 109*2 Ju n e
fe
G eneral m ortgage, 4 g ...l9 2 1 ,M«fe N 40 b. 35
J A J * 90 b. 89% Aug. 92*8 J u n e O m aha < St. Louis—4 g . . .1937 J < J t 40 b. 42 Ju ly 48*2 J a n .
s
fc
fc
Feb.
50 A pr.
J & D *116 b. 112*2 J a n . 118 Apr. Oregon Im pr. Co.—1st, 6 g .l 9 l 0
A D 102 *2b. 92*2 Ja n . 103 A pr.
s
Q - F 140*2b. 138 Ja n . 141 M ar.
Consol., 5 g ......... ..............1939
A O 59
s
46 Ja n .
60 Mar..
J & D 1 2 1 *2b. 121 Ju ly 127 M ay Ore. R,«fe Nav.Co.—1st, 6 g.1909
« J 106 * b. 101 Ju n e 108% M ar.
fe
4
A < 0 *120 a. 116 Ja n . 121 Apr.
fe
Consol., 5 g ........................1925
« D 72*2b. 60 Ja n .
fe
74 A pr.
A A O I l l b. 107*2 M ay 112 Mar. P enn. Co.—4*2 g., co u p o n .1921
s
«fe J 1 1 0 b. 106 Ja n . 113*4 M ay
M A N I l l b. 106*4 J a n . 112*2 Apr. Peo. Dec. < E v an sv . - 6 g .l9 2 0
s
&
95 a. 74 Ja n .
« J
fe
M A N 105 b. 104 Ja n . 109 A pr.
s
E vansv. D ivision, 6 g ...l 9 2 0 M « S 94 a. 74 M ar. 95 A u g fe
94 Aug.
F « A * 98*4b. 97 Ja n . 100 Apir.
fe
2d m ortgage, 5 g .............. 1926 M A N 29 a. 19 Ja n .
s
28 *4 Apr.
Chic.R.I.«fePac.—6 s., coup
J A J 126% 123 Ja n . 129 Apr. Phila. < R e a d .—
s
fe
Gen., 4 g.1958 J < J
&
79*8
80 A ug67*2 Ja n .
E x te n sio n an d col., 5s..
J « J 101*2
fe
1 st pref. incom e, 5 g....... l9 5 8
97*4 Ja n . 1Ö4 Apr.
36*2
27 Ju n e 39*8 M ar.
30-year d eb en tu re, 5 s ...1 9 2 1 MAs g 91%
2d pref. incom e, 5 g ....... 1958
90*2 Ju n e 95 Feb.
25%
18% May
27% M ar.
Chic. St. P . M. <feO—6 s ...
*125 a. 119*2 J a n . 127*2 May
J « D
fe
3d pref. incom e, 5 g . . . . . 1958
20*2
13*2. May
21 78 M ar.
C leveland < C anton.—5s.
fe
fe
J A J * 75 a. 7Ò M ar. 84 J a n . P ittsb u rg < W estern—4 g .I 9 l 7
s
« J
fe
84 b. 80% Mar. 88 Apr.
J A D 128 b.
s
Rich. «feDanv.—Con., 6 g ..l9 1 5
« J 115*2b, 106*2 J a n . 118% J u n e 1
fe
J A J 118 b. 117 Ja n . 120 Mar.
s
Consol; 5 g ....................... .19361A « O i 85*2a. t6 5 Ja n . (87 Aug:
fe
C.C.C.«feSt.L.A & O 74
s
69 Aug. 84*2 Apr. Rich. AW .P .T er.-T rust, 6 g .l8 9 7 F « A 6638 ( 40 Ja n .
fe
66*2 AugA pril.
18 b. 15 Ja n . 20 Apr.
Con. 1 st A col. tr u s t, 5 g.1914 M «fe S 32*8 i 18 Ja n .
s
3212 AugCol. Coal < Iro n .— 6 g ___
fe
F A A
s
95 Ja n . 100 M ay Rio Gr. W estern—1st, 4 g.1939 J « J
fe
67
62 Ju ly 71 A pr.
Col. H. Val. & Tol.—Con., 5 g. 19 31 MAs S 94
fc
94 Aug. St. Jo. < Gr. Islan d —6 g. .1925 M « N 67 a. 6 1 3 J u n e 69*4 Apr8 l 78 M ay
fe
4
G eneral, 6 g. „ „ ...............1904 J A D 94
s
s
85*2 Aug. 94% Aug. St. L. A San F r.—6 g., C1.B.1906 M « N l l l * 2b. lO l Ja n . 113 A p r
fe
D en v er < Rio Gr.—1st, 7 g.1900 M A N 114 b. 113 M ay 115 Aug.
&
s
6 „ C l a s s ò ....................... 1906 M < N l l l * 2 b. 101 Ja n . 113 A p r.
fc
1 st consol., 4 g............ ...1 9 3 6 J A J
s
79*2
G eneral m ortgage, 6 g .. 1931 J « J
71 J u ly 79*2 Aug.
fe
95 b. 82 Ja n .
98 A p r.
D et. B. C ity < A lpena — 6 g.1913 J « J
fc
fe
55 a. 50 Ja n .
50 Ja n . St. L. So. W est.—1st, 4s, g.1989 M « N 59*2
fe
53 Ju ly 62*8 A pr.
D et. Mac. < M.—L d.grants.1911 A A O 27 a. 22 Aug. 27*2 Apr.
fe
s
2d, 4s, g„ i n c o m e ...........l9 s 9 J « J
fe
18%b. 14 Aug. 20*4 A pr.
D ul. So. Sh. < A tl.—5 g .. .1937 J A J
&
s
98
93 Feb. 102 A pr. St.P. M. <feM.—D ak.E x., 6 g.1910 M « N 117 b. 115*2 Ja n . 121 Apr.
fe
E . Tenn.V . <&Ga.—Con., 5 g .l9 5 6 M«fe N 103 b. 86*2 Ja n . 104*2 Aug.
1 st consol,, 6 g . „ ............. 1933
«fe J 117 b. 115 Ja n . 122 M ar.
K n oxville < Ohio, 6 g ___1925 J A J 1 1 0 b. 96 Ja n . 112 Aug.
fe
s
“
reduced to 4*2 g ..
« J 100 b. 97*2 Ja n . 102*8 J u n e
fe
F t. W. «feDenv.City .— 6 g ..l9 2 1 J « D 76
fe
M ontana E x te n sio n , 4 g.1937
66 J a n .
79 78 Apr.
«fe D 85 a. 84 Ja n .
89*2 Apr.
Gal.H.«feSanAn.-M.«&P.D.lst,5g M A N 91 b. 90 M ay 92% Aug. SanAnt,«fe A .P.—lst,4 g .,g u .,’43
s
« J
fe
56*2
50*2 Ja n .
59% Apr.
Gen. E le ctric,d eb . 5s, g ...l 9 2 2 J A D 90 b. 68 J a n .
s
95 Aug. South C arolina—1st, 6 g ............
105 Feb. 110 F eb.
H ous. < T. Cent., gen. 4s, g . 1921 A A O 63 78
fc
s
60 Ja n .
66 M ar. So. Pacific, A riz.—6 g .. 1909-10
« J
fe
88
88 Ju ly
94% J a n .
Illin o is C en tral.—4 g .........1952 A & 0
Feb. 102*4 J u n e So. Pacific, Cal.—6 g ___1905-12
< O 109
fe
104 Ju ly 108*2 M ar.
In t. & G reatN o r.—1st, 6 g.1919 M A N 1 1 2 b.
s
1 st consol., gold, 5 g ....... 1938
¡ Aug. 116 Apr.
< O
fe
85*2 M ay 98 Apr.
2 d 4-5s.................................1909 M «fe S 68
60 Ju n e 68*2 Apr. So. Pacific, N. M.—6 g ....... 1911
95 b. 94'78 J u ly
«fe J
98*2 Apr.
Io w a C en tral.—1st, 5 g ___1938 J A D 91*2b. 86 Ja n .
s
95 Apr. renn.C , I. & Ry.—T en .D .,lst,6 g
« o
fe
83 a. 75 Ja n .
85*2 Apr.
K ings Co. E lev .—1 st, 5 g .,1 9 2 5 J A J " 76 a. 79 Ja n .
s
B irm ingham DiV„ 6 g ..,1 9 1 7
85 Apr.
83 b. 77 Ja n .
« J
fe
87 A pr.
L aclede Gas.—1st., 5 g ___1919 Q - F
88*2
&
81 Ja n . 89 A pr. T exas < Pacific—1st, 5 g. .2000
« D 87*2
fe
72% Ja n .
88 Aug.
_
L ak e E rie < W est.—5 g_ 1937 J A J *113%a.
&
s
2d, incom e, 5 g ....... . . . . 2 0 0 0 M arch
115*2 A pr.
27*2
28*4 Aug.
L. Shore.—Con. cp ., 1st, 7 s . 1900 J A J 118 b. .18 Ja n . 121*4 M ay Tol. A nn A r. & N. M.—6 g.1924 M « N 75 b. 17*2 Ja n .
s
fe
55 Mar. 78*2 Aug.
Consol, coup., 2d, 7s....... 1903 J A D 123 b. .22 Ja n . 125*2 M ay Toledo < Ohio Cent.—5 g .l9 3 5 J < J 106 b. 103*2 J u ly 108 M ay
s
fe
fe
Long Islan d .—1 st con., 5 g.1931 Q - J *115*4b. .13 Ja n . 116 M ay Toledo Peo. < W est.—4 g.1917 J « J
fe
fe
70 b. 68 J u ly
M ar.
G en eral m o rtg ag e, 4 g .. 1938 J «fe D * 96 b. 93 «8 Feb. 99 7s M ay Tol. St, L. «feKan. C.—6 g ..l9 1 6 J < D 57*2 155*2 Aug. 84*2 A pr.
&
64
Louis. < Nash. Cons., 7 s. 1898 A A O 111*4
fe
s
Union Pacific—6 g ...............1899 J «fe J 106*2b. 103*4 Ju n e 111 A pr.
113*2 M ar.
NJO. & M obile, 1 st, 6 g .. 1930 J < J 115 b.
&
E x t. sin k in g fund, 8 . . . . . 1899 M A S 99 b. 90 Ju n e 103 Feb.
117*2 J u n e
s.
“
ft
2d, 6 g .. 19.30 J A J *105 b. 97 Ja n . 110 AUg.
s
C ollateral tru st, 4*2........1918 MAs N 40 b. 40 M ay 49 Ja n .
G eneral, 6 g ..................... .1930 J A D 115 b.
s
Gold 6s, col. t r u s t n o tes. 1894; F «fe A 88 b. 82 Ja n . 92*2 A pr.
116 M ar.
U nilied, 4 g ................... ...1 9 4 0 J «fe J 77*2b. 71 Ju ly 78*4 Aug.
K an. P ac.-D en. Div., 6 g.1899 ' M « N 106
fe
101 Ja n . 1Ò9 M ay
N ash. FI. A S h .-ls t,g td .,5 g.’37 F A A 91 b. 76 Feb. 9 l *2 Aug.
s
s
1 st consol., 6 g ....... . 1919 M A N 85*2a. 72 Ju n e 97 M ar.
s
K en tu ck y C entral.—4 g. 1987 J A J * 81 b. 82 Ja n . 85 M ay
s
O regon S hort Line—6 g ..l9 2 2 F «fe A 87
75 Ja n .
92 % M ar.
L ouis. N. A. A Ch.—1st.,68.1910 J A J »112 a. .08 Ja n . 113*2 Mar.
s
s
Or.S.L.AsUt’hN,—Con.5g.1919 A « O 48*4a. 40 J u ly
fe
56*2 A pr.
Consol., 6 g „ . ................... 1916 A «fe O 9 5 78
83 Ju n e 100 M ar.
U.P.Den,«fcGulf,con., 5 g.1939 J «fe D 40
31*2 J u n e 48% Apr.
L ouis. St. L. < T ex as .— 6 g.1917 F «fe A 60 a. 55 J u ly 61 Apr. U. S. Cord.—1 st col., 6 g .,1 9 2 4 J « J
fc
fe
82‘
70 M ay 87*2 Ju n e
M etro. E le v ated .—1 st, 6 g.1908 J A J *119 b.
s
Ja n . 121*2 J u n e V irginia Mid.—Gen.M., 58.1936 M «fe N 93*2b. 70 J a n .
93*4 A ug,
2d, 6 s ...............
1899 M A N 109*2
s
Ja n . 111 A pr.
“
“
stam p ed g u a r .. M «fe N 93 b. 72 Ja n .
93 Aug.
Mich. C ent.—1 st, cons., 7 s .1902 M A N 1 2 1 %b.
s
cM ay 124*2 M ar. W abash—1 st, 5 g ................. 1939 MAS N 10478 102 J a h . 107*2 A pr.
Consol., 5 s .......... . . . . . . . . l 9 0 2 M A N 107*2b.
s
M ar. 107 M ay
2d m ortgage, 5 g...............1939 F « A 73
fe
66 Aug. 79 A pr.
Mil. L akeSh. <feW.—1 st, 6 g.1921 M A N 126 b.
s
Ja n . 130 A pr.
D ebent. M:, series B ....... 1939 J « J
fe
25
21 M ar. 28 78 A p r
E x te n . Aslm p., 5 g .„ „ „ 1 9 2 9 F A A 108 b.
s
s
110*2 J m y West. N. Y. A P a .—1st, 5 g.1937
« J 101*4
fe
97 Ju ly 1 0 1 % M ay
Mo. K. < E .—1 st 58, g., gu.1942 A A 0
fc
s
76 J u ly 83*4 M ar.
81*2
2d m o rtg a g e................. ...1 9 2 7
< O 25%
&
18*2 Feb. 126 A ug.
M. K. < T exas.—1 st, 4s, g . 1990 J A D 80 a. 77% Aug. 83*8 Apr. W est. Un. Tel.—Ò o l.tr„ 5s. 1938
fe
s
« J 107 b. 103 Ja n . 109 J u n e
fe
2d, 4s, g .............................. 1990 F A A * 43*4b. 38 Ju n e 48*8 A pr. Wise. Cent. Co.—1st, 5 g .,1 9 3 7
s
« J
fe
59
50*2 Aug. 76% M ar.
Mo. P ac.—1 s t,con., 6 g ....l 9 2 0 M A N 95 b. 87 Ja n . 101% Apr.
s
Incom e, 5 g . . . ..................1937
8 Aug. 18 F eb.
N o t e .—" b” in d icates p rice bid : “ a ” price ashed ; th e ran g e is m ad e u p from a c tu a l sales only. * L a te st p rice th is w eek. t T ru s t receip ts.

NEW YORK STOCK EXCHANGE PRICES—
(Continued).—
INACTIF# BONDS- -AUGUS1 31.
SEC U RITIES.

Railroad Bonds.
(Stock Exchange Prices.)
A lab am a M id.—1 st, g „ g u a r..1928
T. < 8. F —«d, 4s, Class B .1989
fe
Col. Mid. 1 st, g., 6 s............... 1936
A tlan tic «fe D anv.—1 st g., 6 s ..l9 1 7
A il. < P ac.—2d W. D .,g u . 6 s,. 1907
fe
B alt, «fe Ohio—1st, 6s, P a rk B .1919
gold.................................... 1925




Bid.

Ask.

SEC U R ITIE S.

B. «feO.—Pons, m o rt., g o ld ,5 s.l9 8 3
W. Va. «fe P itts .—1 st, g „ 5 s ..1990
B. < O. 8 . W „ 1 st, g., 4*28... 1990
&
*....... . 87*2
Monon. R iver, ls tg .,g . 5 s ...1 9 1 9
C ent’lO hio Reóì 1.—1st, 4*28.1930
76
80
Ak.<& Ch. Ju n o .—1 st,g,5s,gu. 1930
Bost. H . T un. A W.—Deb. 5s. 1913
s
Brooklyn E lev ated —2d, 5 s .„ 1 9 1 5
120 1*22
B runsw ick < W’n —1 st, g, 4 s, 1938
fe
*
115
Bufi. Ro h. A P itts.—Gen., 5S.1937
s

Bid. Ask.
112

115

SEC U RITIES.

B.R.«feP.—Rooh. < P ., 1 st, 68.1921
fe
Roch. < P itts.—Cons. 1st, 63.1922
fe
106
Burl C ed.R ap. AsNo.—I s t,5 s .l9 0 6
Consol. < collat. t r u s t ,5 s ... 1934
fe
M inn. « St. L.—1st, 7s, g u .,1 9 2 7
&
104
Io w a C. < W est.—1st, 7 s_ 1909
fe
_
10 2 ”
Ced. R ap. I. F . < N „ 1 st, 6S.1920
fe
65
66
1 st, 5 s ...... ............................ 1921
G.Ohio—Col. «feCin.M.lst,4*28.1939
n s * * 100 "’ Pent. RR. «fe T«-ink.—Col. g ,5 s .1937

Bid.

A sk.

121

123

107%
115

100
100

90
92

__
95

TH E

366

CHRONICLE.

[VOL. LIX.

NEW YOBK STOCK EXCHANGE PRICES.—INAGTIVE BONDS—(Continued)—AUG USI 3 1 .
[SE C U R IT IES.

Bid.

SEC U R ITIE S.

Bid.

ash.

SEC U R ITIE S.

Bid.

Ask.

N orthern Pacific—( Continued,)
E.&T.H.—Sul.C o.B r.lst,g.,5s.l93C
C ent, of N. J . —Conv. deb., 68.1908 . . . . . .
Helena& RedM ’n —ls t,g ., 6 s .1937
Ev.& Rich.—1 st gen.5s,g.gu,1931
C e n tra l Pacific—Gold b d s, 6 s, 1895 102
77
D uluth& M anitoba—ls t,g .6 s l9 3 6
Gold bonds, 6 s . . . . . . . . . ........1896 102% 102 % Bvans. & In d ian .—1st, c o n s.. 1926 115
77
Dul.&M an D ak.D iv.—Is t6 s.l9 3 7
F lint & P . M arq.—M ort., 6 s . . .1920
Gold bonds, 6 s ...................... 1897 102 %
Cœ ur d’A lene—1st, 6 s, gold. 1916
1 st oon. gold, 5 s ......................1939 *80
S an Jo a q u in B r., 6 s . . . ......... 1900 *104
Gen. 1st, g., 6 s ......................1938
94%
P o rt H uron—1st, 5 s ............. 1939
M ort. gold 5 s . . . . . . . - . . . —...1 9 3 9 . . . . . .
Cent. W ashington—1st,g.,68.1938
Fla. Cen & P en .—1 st g. 5 s . . . . 1918 103
L an d g ra n t, 5s, | ...........---1900 ..........
Norfolk & South’n—1st, 5s,g. 1941 102
94
1 st con. g., 5s ......................1 9 4 3
Cal. & O. Div*, e x t., g. 5 s ...1918 . . . . . .
Norfolk & West.—G eneral, 6 s. 1931 116
58
60
'W est. Pacific—B o n d s,6 s— 1899 . . . . . 107% F t W orth & R. G —1 st g., 5 s..1928 *95 100
New R iver, 1 st, 6 s .................1932 108
Gal. H ar. & San A n t.—1st, 68.1910
No. R ailw ay (Cal.)—1 s t ,6 s .1907 -----Im p. & E x t., 6 s.. . . . . . . . . . . . . 1 9 3 4
Gal. H. & 8 . A.—2d m o rt., 7 s ..1905 *92 LOI
50-year 5 s > . . . . . . . . ........... .1938 90
A djustm ent M., 7 s ...............1924
d i e s . & O.—P u r. M. fu n d , 6 s .1898 107% 108% Ga. Car. & Nor.—1st, gu. 5s, g.1929
E quipm ent, 5 s........................ 1908
84%
120 % Ga. So. & F l a —1 st, g. 6 s.. ....1 9 2 7
6 a, gold, series A . . . ...............1908 112%
C linch Val. 1 st 5 s .................1957
32
26
G rand R ap. & Ind.—Gen. 5 s .. 1924
C raig V alley—1 st, g., 5 s . . . . 1940 ......... 95
Roanoke&So.—1st, gu. 5s, g.1922
1 2 % 13%
G. B. W. & St. P .—2d inc. tr . re c ts.
W arm Spr. v al., 1st, g. 5 s ..1941 . . . . . .
Scioto Val. & N. E .—1st, 4s,.1990 73
74%
118%
H ousatonic—Cons, gold 5 s... .1937
Giles. O.&So. W est.—1 st 6 s, g.1911 101%
Ohio & Miss—2d consol. 7s. ..1911 114
N .H av en & D erb y , Cons.5s..l918 •113%
2d, 6 s ............................... . ..1 9 1 1 .......
110
Spring.D iv.—1 st 7 s.. . . . . . . . . 1905
105
Hous. &T. C.—Waco & N. 7S..1903
Oh. V .-G en .co n .lst,g u .g ,5 s.l9 3 8
G eneral 5s.............. ................1932
1 st g., 5s (int. g td i.................1937 104
Chicago & A lton—S. F ., 6 s— 1903 115
Ohio R iv er R R .—1st, 5s.......... 1936
99
Cons. g. 6 s (int. g td )............. 1912
*
Louis. & Mo. R iver—1st, 78.1900 1111
Gen, g .,5 s . . . . . . . . . . . . . . . . . . . 1 9 3 7
98
D ebent. 6 s, p rin . & in t. gtd. 1897 *90
2d, 7 s....... ................ .......1 9 0 0 ..........
Oregon & Calif or .—1st, 5s, g. 1927 •75
82
D ebent. 4s, p rin . & in t. gtd.1897
St. L. Ja ck s. & Chic.—2d, 7S.1898 107%
50
Oreg. R y& N av.—C ol.tr. g..5s.l919
Ulinois C entral—1st, g., 4s ...1 9 5 1
Miss.R. B ridge—1st, s. f., 0S.1912 *104
99% P an. Sink.F’d Subsidy—6 s, g. 1910
1st, gold, 3 % s......................... 1951
Ohio. Burl. & Nor.—1 st, 5s. ...1 9 2 6 103 105
Gold 4 s ..................................... 1953 98% 99% Penn.-P.C.C& St.L.Cn.g.4% sA1940 104%
D e b e n tu re 6 s ......................1 8 9 6 95
Do
do
Series B .........
Cairo Bridge—4 s.................... 1950
Ghio. B urling. & Q.—5s, s. f ..l 9 0 1 107
P .C .& 8.L .-lst,o.,7s................ 190C
Spring!. D iv.—Coup., 6 s---- 1893 105
Io w a Div.—Sink, fu n d , 5 s ..1919 *107%
P itts. F t. W. & C.—1st, 7 s ... 1912
M iddle D iv.—R eg., 5s.......... 1921 109
Sinking fu n d ,4 s ..................1919 96%
2d, 7 s ..............................,..1 9 1 2
C. St. L. & N. O.—Ten. 1.,7 s .1897 110 %
92
90
P lain , 4 s . . . ....... - ..- ..,........1 9 2 1
3d, 7 s .................... ......... ....1 9 1 2
0
1st, consol., 7 s..................... 1897 1 L%
Ohio & In d ia n a Coal—1 st 5 s. 1936 98% 100
Ch.St.L.&P.—1st,con.5s,g.. .1932 114
2d, 6 s ..................................... 1907
113%
OM. Mil. & S t.P .—lst,8 s,P .D .1 8 9 8 112%
Clev. & P .—Cons., s. fd., 7 s. 1900 116%
Gold, 5s, c o u p o n ................ 1951 113
122
2d, 7 3-10s, P . D ..................1 8 9 8 118
Gen. 4% s, g., “ A” ............1 9 4 2
Memp, D iv., 1 st g. 4 s ....... 1951
1st, 7a, $ g., R. D ................1 9 0 2 123% 126
St. L .V .& T . H .—1 st, 6 s., 7 s . 1897 107% 109
Ced. F alls & M inn.—1st, 7s. .1907 104
le t, I. & M ., 7 s ......................1897 117 121
2d, 7 s.....................................1898
119% In d . D. & Spr.—1 st 7s, ex. cp.l90fc
1st, I . & D ., 7 s .......................1899 117%
2d, g u ar., 7 s......................... 1898 106
Ind.D.&W .—1 st 5s, g .,tr.re o ..l9 4 7
1 st ,C. & M., 7 s . . . . . ...............1903 124 126
G d.R .& I.E xt.—lst,4 % s,G .g .l9 4 1 103%
2d, 5s, gold, t r u s t re c e ip ts.. 1948
1st, I. & D. E x te n sio n , 7 s. ..1 9 0 8 127% 130
Peo.& E.-Ind.B. & W .-lst,pf .7s. 1900 110
In c. M. bonds, tr u s t receip ts —
1st, L a C. & D av., 5 s . . . . . . ..1 9 1 9 105
Ohio ind.&W .—ls tp r e f . 5s. .1938
79
Ind. Ills. & Iow a.—1st, g, 4 s.. 1939
1st, H , & D., 7 s ..................... 1910 124 125
P eoria & P ek. U nion—1st, 6 s .1921 108
Int.&G. N’n —1 st, 6 s,g................ 1919 112 114
1st, H. & D., 5 s............ .....1 9 1 0 .........
2d m ortg., 4 % s.. . . . . . . ..........1921 *64
82
118% K ings C o.-F .E l.,lst,5,g. ,gu. A. 1929
Chicago & Pacific D iv., 6 s ,.1910 117%
P itts. Cleve. & Tol.—1st, 6 s ... 1922
L ake E rie & W est.—2d g., 5s. 1941 102 % 103
105
M ineral P o in t Div. 5 s...........1910
P itts. & L. E r.—2 d g. 5s, “ A” . 1928
L. 8 . &M.Sou.—B.& E.—N e w 7 s .’98 113
0 . & L . Sup. D iv.. 5 s . . . .....1 9 2 1 106% 107
P itts. Mc. K. & Y —1 s t 6 s----- 1932
D et. M. & T.—1st, 7 s............. 1906 125
116
F argo & South., 6 s, A s s u ...l9 2 4
P itts. P ainsv. & F .—1st, 5 s ... 1916
L ake Shore—D iv. bonds, 7 s .1899 115
Inc. conv. sink, fu n d , 5 s .... 1916 *97%
P itts. Shen. & L .E .—1st,g.,5s. 1940
K al. All. & G. R —1 st gu. 5S.1938
D ak o ta & G t. South., 5 s . . . . 1916 104
P itts. & W est.—M. 5s, g.1891-1941
80%
M ahon’g C o alR B .—1 st, 5s. 1934 1*12 *
Mil. & Nor. m a in lin e —6 s . . . 1910
P itts. Y’g st’n&A.—ls t,5 s ,c o n .l9 2 7
LehighV..N.Y.—1 st gu.g.4% s.l940 101
C hicago & N orthw estern—
L ehigh V .T erm .—1 st gu. 5s,g. 1941 110 111 P res. & Ariz. Cent.—1st, 6 s, g.1916
1921 105
30-year deb. 5 s . . . ..........
2d incom e 6 s ........................... 1916
L ehigh V’y Coal—1 st 5s,g u .g .l9 3 3
E scan ab a & L. S. 1st, 6 s ....1 9 0 1 . . . . .
100
Rich. & D anv.—D ebenture 6 s. 1927
95
ld tch f. Car.& W est.—1 st 6 s. g.1916
Dea M. & M inn.—1st, 7 s . . . . 1907 121
E quip. M. s. f., g., 5 s ........1 9 0 9
113%
Long Isla n d —1st, 7 s ................ 1898
Io w a M idland—1 st, 8 s ......... 1900 *........ 128
Am. & C har.—1st, pref., 7 s .. 1897
Gold 4 s . . . . . . . . .....................1 9 3 2
P en in su la—1st, conv., 7 s ...1 8 9 8 .......
do.
incom e, 6 s . . . . 1900 103
N. Y. & R ’w ay B.—1st, g. 58.1927 100
Chic. & M ilwaukee—1st, 7 s .1898 111%
W ash. O.&W.—1st,4 b,gu.oy.,1924
80
72
2d m o rtg ., in c .................... 1927 37% 43
Win. & St. P —2d, 7 s......... ..1 9 0 7 126%
Rio Gr. Ju n o .—1st, gu., g., 5 s.l9 3 8
105
N.Y.&Man. B each.—1st, 7s, 1897
Mil. & M ad.—1st, 6 s . . . . . . . . 1905 115
Rio G rande So.—1st, g., 5 s ... 1940
N.Y.B.&M.B.—1 st con. 5s,g. 1935
O tt. C. F . & St. P .—1st, 5 s .- 1909 107
St. Jo s. & Gr. Is.—2d in c ......... 1925
B rookl’n& M ontauk—1st, 6 s. 1911
N o rth ern 111.—1st, 5 s......... .1 9 1 0 106
K an. C. & O m aha—1st, 5 s .. 1927
111
1st, 5 s ................................1 9 1 1
96
Gh. Peo. & St.L.—G uar. 5 s . . . . . 1928
49% St. L ouis A. & T. H .—
Louis.Evans.& St. L.—C on.5s.1939
95
Con. 1st, g. 5d.......................1 9 3 9
Bellev. & So. 111.—1st, 8 s ...1 8 9 6
Louis. & N ash.—Cecil. B r. 7 s ..1907
110 %
C h.R .L & P —D .M .& F .D .lst 48.1905
B ellev. & Car.—1st, 6 s..........1923
E . H . & N ash.—1 st 6 s, g ....l 9 1 9 •110
45
60
1st, 2 % s .................... ......1 9 0 5
Chi.St.L.& Pad.—1st,gd.g.5s 1917 103 106
P ensacola Division, 6 s ......... 1920 110
E x tension, 4 s .................1 9 0 5
St. Louis So.—1st, gd. g. 48.1931
St. Louis D ivision, 1st, 6 s ...1921 •118
K eokuk & D es M.—1st, 5 s .. 1923 95 100
do
2d incom e ,5s. 1931
85
2d, 3 s.............................. ....1 9 8 0
Chic. & St.L .(A tch.)—1st, 6 s ..1915 105
Car. & S haw t.—1 st g. 4 s — 1932
N ashv. & D ecatu r—1 st, 7 s .. 1900 112
Ohio. St. P . & M inn.—1 s t,6 s ...1918
St. L. & 8 . F .—2d 6 s, g., cl. A .1906 111%
S. f., 6 s.—S. & N. A la............. 1910 •104
St. P a u l &S. C.—1st, 6 s . . . ..1 9 1 9 126
E q u ip .,7 s ....................
..1 8 9 5
10-40, gold, 6 s ....................... 1924 101
Ohio. & W. In d .—1st, s. f., 6 s .1919
G eneral 5 s ...............................1931 *83%
50-year 5s, g .,...............
1937
10 L
G en eral m o rtg age, 6 s . . . . . . . 1932 117 118%
1st, tru s t, gold, 5s..................1987 *70
P ens. & A t . - 1st, 6 s, g o ld ... 1921 *96
C9n H am . & D.—Con. s. f., 7s. 1905 118
Consol, g uar., 4 s .................... 1990 *43% 44%
Collat. tr u s t, 5s, g .................1931 103
2d, gold, 4% s........................ .1937 100
K an. City & 8.—1st, 6 s, g ...l 9 1 6
Lou.N. Alb.&Ch.—G en.m . g.5s. 1940 65
Cin. D. & I r ’n—1st, gu. 5s, g. 1941 99% 100
F t. S. & V. B. Bg. - 1 s t , 6 s . . . 1910
M a n h attan R y.—Cons. 4 s ..... 1990 *98%
d e v . Ak. & Col.—E q. & 2d 6 s. 1930 80
K ansas M idland—1st, 4s, g.1937
Manito.S.W .Coloniza’n—5s ,g .l9 3 4
•0.0.0. & St. L., Cairo div.—4s, 1939
St. P a u l & D uluth—1 s t,5 s . . . . 1931
M em phis & Chari.—6 s, g o ld .. 1924 *57%
92
St. Lou. Div.—ls tc o l.ts ’t4s,g. 1990 90
2d m ortgage 5s....................... 1917 104
1 st con. T enn lien, 7 s...........1915 •111
Spring.& Col.Div.—lst,g . 4s. 1940
St. P a u l M inn & M.—1st, 7 s .. 1909 110
M exican Cent. Consol.—4s, g.1911
W iiteW .V al.D iv.—1st,g. 4s. 1940 89
2d m ort, , 6 s ...........
1909 117 119
1st, cons, incom e 3s, g ......l 9 3 9
Cin.Wab.&M.Div.—Ist,g .4 s.l9 9 1 ‘ 91
M inneap. U nion—1st, 6 s ---- 1922
Mex. In te rn a tio n a l—1st, 4s,g.l942
71
95
Cin. I. St. L. & C.—1st,g.,48.1936
M ont; Cen.—1st, g u ar., 6 s .. 1937 110 112
M exican N ational—1st, g., 6 s .1927
C o n s o l, 6 s............................. .1 9 2 0
1 st guar. g. 5 s . . . . .................. 1937 97
2 d, incom e, 6 s, “ A” ...............1917
Cin.San.&Cl.—C o n.lst,g.5s, 1928
E ast. M inn., 1 st div. 1st 5 s .1908
2d, incom e, 6 s, “ B ” .............1917
Gl.Col. (fin. & In d .—1st, 7s,s.i.1899 114
W ilm ar &8io u x F .—1st, g,5s.193 3
M ichigan C entral—6 s ...............1909
Censor, sink, fu n d , 7 s . . ....... 1914 *128
San F ra n . & N. P .—1st, g., 5 s.l9 1 9
Coupon, 5 s ....................
1931 116
Oleve. & M ah. V.—Gold, 5 s ...1938 .......
South C arolina—
2d, 6 s ...........1931
M ortgage 4 s ............................1940
Q olum bia& G reen.—1 s t,6 s ...1 9 1 6 . . . . .
Incom e, 6 s ......... ....................1931
Bat.C .& Strgis.—Ist,3 s,g .g u .l9 8 9
Del. L ack. &W .—M ort. 7 s . . . . 1907 *134
So. Pao. C oast—1st, g u a r .,4 s .1937
Mil. L. 8.&W.—Conv. deb., 5 s. 1907 104 107
Syra. B ing. & N. Y.—1st, 7S.1906 128
Ter.R R. As’n of S t.L .-lst,4 % s.l9 3 9 101 %
Mich. D iv., 1st, 6 s.......... ....1 9 2 4 122
M orris & E sse x —1st, 7 s— 1914 *142
T exas & New O rleans—1st,7 s .1905
A shland Division—1st, 6 s ..1 9 2 5 124%
Bonds, 7 s . . ......................... .1900 114
Sabine D ivision, 1st, 6 s ....... 1912 103
Incom es........................................
7a of 1871.................
1901 120
Consol. 5s, g ................
1943 90
Minn.& St. L.—1st, g. 7 s .........1927 125
l e t , con., g u ar., 7 s.............1915 137
Io w a E x te n sio n , 1st, 7 s....... 1909 116 118% Tex. & P ac., E . D .—1st, g. 6 s.l9 0 5
Del. & H ud. Can.—Coupon 7s,1894 103%
T hird A venue (N.Y).—1 st 5s, 1937 116%
2d m o rtg., 7 s...........................1891 140%
k. P a. D iv., coup., 7 s.................1917 143%
65
Toi. A. A. & Cad.—6 s ......... ....1 9 1 7
S outhw est E x t.—1st, 7 s.......1910 145
Albany & Susq.—1st, gu.,7s. 1906 130% 131%
Toledo A. A. & G’d T r.—g. 68.1921 78
80
Pacific E x t.—1st, 6 s ............. 1921 113%
1 s t ,cons., g u ar., 6 s . . ___,1906 120
75
Tol. A. A. & M t. PL—6 s ...........1919
Im p r. & equipm ent, 6 s.........1922 124 124%
Bens. & Bar.—1st, coup., 7S.1921 *144
Toi. A. A. & N. M.—5s, g ......l 9 4 0
M inn. & Pao.—1 st m ortg., 5 s .1936
D enver City Cable—1st, 6 s. ..1 9 0 8 ___
73%
Minn.St.P.&S.S.M—1st c.g.4s.l938 ......... ......... T.&O.C.—K an.& M., M ort. 4S.1990 __
D env. T ram w ay—Cons. 6s, g.1 9 1 0 ___
U lster & D el.—1st, con., 6 .,5s. 1928 i b i 10 2 %
M o.K .& T—K.C.&P., 1st, 4s, g.1990
M etropol. Ry.—ls t,g u . g .6 s.l9 1 1 ___
Union Paoiflo—1st, 6 s . . 1896 105
D al. & W aco—1st. 5s, g u ..,.1 9 4 0
Denv. & R. G.—Im p., g., 5 s . . . 1928 73%
1st, 6 s .......................
....1 8 9 7 105% 105%
D uluth & Iro n Range—1 st 5S.1937 *91
92% M issouri Pacific —T ru s t 5 s .. . 1917
1st, 6 s ......................
1898 105% 106%
1 s t coll., 5s, g . . . ....................1920
S . Tenn. Va. & Ga.—1st, 7 s ...1900 113% 113%
C ollateral T rust, 6 s .............1908
80
St L.&L M ,~ A rk .B r.,lst,7 s.l8 9 5 *100 %
D ivisional 5 s.........................1 9 3 0 *110
C ollateral T rust, 5 s .. .......1 9 0 7
60
Mobile & Ohio—1 st ex t., 6 s ... 1927
E q .& lm p .,g .,5 s ---- ¿ .......1 9 3 8 *81
82
K ansas Pacific—1 st 6 s, g ...l 8 9 5 103% 104
St. L. & Cairo—4s, g u a r ....... 1931
Mobile & Birin.—1st, g., 5 s..1937 *30
1 st, 6 s, g .............s i............... 1896 105 105%
M organ’s L a. & T.—1 st, 6 s.. ..1 9 2 0 * 1 1 1
A labam a C entral—1 st 6 s ...1 9 1 8 *100
C. B r. U. P - F . 0., 7 s .......1 8 9 5
E rie—1st, exten d ed, 7 s...........1897 109%
1st, 7 s.......................................1 9 1 8 *122
A tch. Col. 4 Pao.—lSb, 6 s ... 1905
N ash. C hat. & S t. L,—2d, 6 s ..1901 *107
2d, exten d ed , 5s.....................1919 115%
A tch. J . Co. & W.—1st, 6 s ... 1905
40
N. O. &. No. E .—P r. 1., g., 6 s ..1915
8d, ex ten d ed , 4%s..................1923 109% 110
U .P . L in. & Col.—1st, g., 5s. 1918 *40
45
N. Y. C entral.—Deb. g. 4 s . . ..1 9 0 5 103% 104%
4 th , ex ten d ed , 5s................... 1920 112 114
Oreg. S.L.& U .N .,col.trst.,5s. 1919 *36
40
ttth, extended, 4 s................... 1928 1QC
N. J . Ju n e —G uar. 1st, 4 s ...1 9 8 6 100
U ta h & N orth.—1st, 7s.........1908
Beech Creek—1st, gold, 4 s .. 1936 *103 104
1 st, con., g., f’d, 7 s .............. 1920 .........
Gold, 5 s ................
...1 9 2 6
Reorg., 1 st lien, 6 s................ 1908 104
Osw. & Rom e—2d, 5s, g .,g u .l9 1 5 105 107%
U tah Southern—G en., 7s ..1 9 0 9 *80“ *88“
U tica & Bl. R iv.—4s, g., gu.1922 1 0 2 %
B. N. Y. & E .—1st, 7 s .......... 1916 *129%
E x tern , 1st, 7 s....... .......1 9 0 9 *80
88
N. Y. & P u t.—1st, g., 4 s. gu.1993
N. Y. L. E. & W.—Col. tr.,6 s.l9 2 2 101
Valley R ’y Co. of O.—Con. 6 s. 1921
'Funded ooup., 5 s....... .......1 9 6 9 ____
N. Y. N. H. & H .—1st, r e v ■
48.1903
W abash—D ebenture, Ser. A .. 1939
Buff. & S. W.—Mortg. 6 s___1908 .........
N. Y. & N o rth ern —1st, g. 5 s .. 1927
D et. & Chic. E x t. 1st, 5s, g'..1940
98
Jefferson—1st, gu. g. 5s ....1 9 0 9 . . . .
N. Y. Susq. & W e s t—2d, 4 % s.l9 3 7
No Missouri—1st, 7 s ...........1895 1 0 3 ^ 103%
Coal & RR.—6 s ................ ....1 9 2 2 * : ..... 102
Gen. m o rt., 5s, g .................. 1940
96
St U K .G .& N —R.E.&RR.7S.1895 106
Dock & I m p t.,ls t 6 s, cur’cy.1913 *102
N. Y. T ex. & Mex.—Ist,4 s,g u .l9 1 2
St. C harles B r’ge—1 st,6 s ...1908 106
E u re k a S prings—1st, g., 6 s ...1933
N orth’n Pacific—D ivid’d scrip e x t
35
W est Va. C. & P itts.—1st, 6 s. 1911
E v an s. & T.H .—1st,cons., 6 s. .1921 105 110
Ja m e s R iver Val.—1st, 6 s ... 1936
W heel.&L.E.—1st. 5s, g o ld ... 1926
1 s t, general, g., 5 s .................1942
Spokane & P a l.^ -ls t, 6 s_ .1936
_
75
E x te n sio n & Im p, g., 5s....... 1930
M t. V ernon 1 st 6 s ................1923
8t.P a u l & N. P .—Gen., 6 s ..1923
ÏÏ7
♦ No p rice F riday; these are th e la te s t quotations m ade th is week. F o r M i s c e l l a n e o u s a n d U n l i s t e d B o n d s . —See 3d page preced in g . $3




TH E

S eptem ber 1, 1894. J

CHRONICLE

367

A B3TH 1CT PROM REPORTS OF T H E NATIONAL BANKS MADE TO T H E COMPTROLLER JULY 18, 1894.
Deposits.

Loana < d is Cold a n d
£
Gold
Silver Leg.tend’r s
Silver.
counts. (In el’g gold O.H. Treasury
T reasury ft U. S. efts►
Other.
overdrafts.) certificates. certificates,
certificates deposits.
$
$
83 11.175.000
f M aine___. . . .
2,590,320
14.207.478
183,816
20,942,089
859,681
41,520
112,249
344,465
51
« N. H am pshire
6,080,000
1,499,503
8,621,688
184,258
10,93«,200
29,730
328,057
99,403
189,097
49
& V e r m o n t.....
6,995,000
1,636,389
8,583,687
42,376
12,386,579
476,922
69,439
22,200
259,668
§J B oston........... ì 55 52.350.000 14,695,289 110,251,429
234,877 150,889,224 6,330,278 2,204,940
216,678
10,404,232
213 45,642,500 15,184,494
s Mass., o th er .
77,981,755
99,415 103,184.213 3,161,970
639,812
218,860
2,258,765
59 20,237,050
■ Rhode Islan d
*
5,179.121
19,054,461
96,090
35,095,301
600,978
131,462
112,620
711,299
83 22,»49,370
£ C o n n e ctic u t..
7,702,810
34.962.479
234,596
44,-65,274 1,928,05 J
229,859
377,780
925,794
I T otal D iv.N o.l 5»3 165,328,920 48,487.92« 273,662,977 1,075,457 378,292,-80 13,685,936 3,007,650 1,498,902 4,465,435] 15,0»3,320
N ew Y ork City
49 50,75o,000 42,341,500 313,415,768
932,49
344,525, ,780 46 ,925,981 27,199,690
579,554 1205*582 97,873,462
B rooklyn.........
5
1.352.000
2,125,000
14,751,529
101,007
9,170, ,177
154,821
231,970
60,584 729,981 1,277,633
3 A lb a n y ...........
6
1.550.000
1,298,500
6,416,968
50,225
7,406, 160
381,898
331,000
25,266
38,432
559.754
S N. York, other 274 33,619.060 11,452,184
91,976,033
471,938
96,377, ,257 4,,363,286
661,640
626,243 533,533 2,955,68®
7,628,760
2 New J e r s e y ...1 100 14,653,350
50,224,118
273,217
46,805, 440 li ,610,656
333,940
322,178 8*5,185 2,614,061
41 22,76? ,000 14,566,000 101,660,132
S P h ilad elp h ia..
199,568
94,614, 057 IL ,275,056
252,290
636,132 4,532,948 7.231.927
29 11,7 00,000
Tj P ittsb u rg ; . . . .
7,602,268
34,252,938
256,266
38,654, 963 3,,387,508
336,440
321,383 527,284 1,811,771
333 39,570,890 18,467,981 160,190,861
■I P en n a., o th er
301,082 101,513, 170 §gj485,923
913,650 970.065 3.695.927
568,070
l T o tal Div.No.2 837 175,96«,300 !05,482,1W3 714,888,347 2,585,800 739,0*7 O'>4 73,585.129 29,915,040 3,484,*«0 2025601o
118019223:
2,133,985
f D e la w a re .......
972,630
4,326,572
49,820
5,195,313
150,40
13,00«
58, -60 124,975
143,032
13,243,260
• B altim o re . . . .
4,525,200
26,272,925
175,94"
31,241,279 1,182,128
892,080
155,500 1,519.741 4,267.587
3,811,700
3 M aryland, oth
1,430.650
8,841,780
50,000
9,976,642
368,960
49,990
85,697 174,834
240,5962.575.000
3 W ash in g to n ...
1,320,000
8,959.517
90,809
6,119,154
319,223
665,840
40,216 715,772 1,097,991
252,000
3 D ist. Col., oth
100,000
826,659
434,170
119,579
107,000
59,659
8,267
15,921
K V irg in ia..........
4,841,300
2,697.375
12,886,706
541,650
14,739,871
467,251
22,180
143,445 2*7,780
837,212
3.061.000
825,763
g W est V irginia.
6,217,294
L«0,000
7,447,955
389,992
37,200
98,779
71,316
430,909
I T o ta l Div.No.3 lb ti 29,91?, 2*5 11,871,618
68,331,453 1,608,226
75,154,384 3,006,53
1,787.290
563,391 2,951,540 7,093,248
26
[ N o rth Carolina
2.726.000
744.175
3,821,05i
106,o3
5,665,812
280,2*5
2,860
123,432
47,399
258,089
S outh Carolina
14
1.748.000
842,200
3,488,845
148,880
5,294,415
139,884
320
30,158
139,961
231,576
G eo rg ia...........
29
3.816.000
1,046,293
4,810,164
97,203
7,715,178
304,582
10,060
234,524 150,937
379,762
F lo r id a ............
19
1.485.000
349,904
4,917,005
75,831
4,194,590!
79,598
11.670
97,770
150,397
305,819
28
E A la b a m a . . . .
)
3.744.000
799,6*2
5,185,863
6,386,476
63,547
362,671
51,450
49,156
177,781
292,835
11
J M ississippi___
955.000
416.176
1,596,559
2,156,425
4 2,966
3,020
48,689
31,071
160,1799
4 New O rlean s..
3,000,000
2,308,500
13,987,415
11,611,766
359,753
162,820
178,132 1,210,819 1,499,022
icr
** L ouisiana, oth.
760.000
1,649,732
304,000
5,000
2,124,708
55,140
2,500
65,727
75,415
59,126
8 T e x a s .............. 217 22,425,010
4,892,814
26,696,020
307,469
44,398,090 1,673,561
189,000
854,347 281,180 1,795,578
8
g A rk a n sa s. . . . .
1.050.000
356,925
1,753,571
2,209,8«7
83,348
7,950
59,477
54,944
82,744
7
3,601,500
L o u isv ille . . . .
683,500
4,153,948
497,991
8,110,285
479,865
5,000
35,574
763,758
70
K en tu ck y , oth.
9,756,400
2,606,750
11,162,527
525,305
18,95«,310
42,390
509,523
118,266
80,456
523,203
49
9.175.000
T ennessee.......
1,914,010
13,194,868
298,49»
18,1«9,895
676,946
73.670
263,539 318.042 1,450,667
I T otal Div.No.4 497 64,241,900 17,264,929
9o,417,569 2,115,7o5 137,015,-57 5,048,122
562,710 2,44»,* *» 2,427, o4 / 7,802,358
13
f C in c in n a ti___
8.400.000
2.760.000
19,555,304
816,865
26,197,607
971,989
65,3*» 223,*9* 3,145,752:
11
• C le v e la n d . . . .
9.050.000
1.875.000
20,324,186
23,5»7„802 1,423,142
62,537
56,000 1, 112,000
155,859
2 Ohio, o th e r . . . 220 27,355,100
57,198,617
7,738,763
448,379
63,908,340 3,*54,882
563,617 198.475 3,076,676
3 In d ia n a ...
115 13,927,500
4,761,106
29,965,149
175,035
31,264, *08 3,563,207
365,544 276.745 1,779,669
21 20.900.000 11,352,700
2 C hicago...........
73,2*8,919
556,444
89,234,051 20,289,728
720,417 2,770,185 14,112,024
E Illinois, o th e r. 196 17.551.001
6,392,144
43,711,24«
934,468
44,813,426 2,893,953
426,782 327,819 1,871,112
• D e tro it.............
6
3.600.000
9,243,184
573,000
304,550
14,072,499 1,139,0 ¡2
59,82*
93,381
746,69590
m M ichig’n. o th er
9.834.000
24,444,053
2,970,567
100,786
27,893,378 1,487,350
203,22 2
85,7«8
732,282
5
• M ilw aukee_
_
3.150.000
15,526,015
306,500
329,894
12,953,456 2,011,685
61,336
73,544
741,798
77
£ W isconsin,oth.
7.420.000
20,994,919
l,9 9 0 ,6 e 3
138,392
21,214,302 1,643,479
163,0 >4j 120,627
626.915
L T o tal Div.No.5 754 121,187,600 40,720,443 314,261,594 3,867,3.iO 355,149,719 39,278**27 4,344.050 2,784.9»* 14,22«, 3»¿
27,944,923
D es M o in es...
4
800,000
1,322,270
186,000
2,287,962
138,205
33,o4*
3 ,4 /0
20.7,193
Iow a, o t h e r ... 166 13,245,000
25,305,545
2,839,180
114,260
145,543
31,334,814 1,778,198
249,085 178,376 1,141.596
St. P a u l...........
5
3.800.000
8,576,696
1,205,000
450,022
11,022,909 2,045,830
5,050
102,219 122,183
159,048M inneapolis...
8
5.700.000
7,788,867
419.000
10,644,504 1,126,760
49,218
20,000
56,583
7,500
808,592
M innesota, o th
66
6.045.000
13,650,976
988,434
15,042,236 1,019,015
12,680
112,829
73,907
336,067“
J St. L o u is.........
9
9.700.000
16,435,940
2,101,500
26,232,763 1,302,020
250,000
352,790
58,112 1,202,973 2,922,846
2 St. J o s e p h .....
3
1.600.000
2,981,157
124.000
3,385,563
49,007
213,595
7,360
29,680 138,094
305,848
£ K an sas C ity ...
9
4.800.000
8,617,856
444.500
14,295,455 1,305,23?
104,359
88,820
144,978 228,785 1,221*893
• M issouri, o th ’r
51
3.915.000
6,224,094
767,315
7,273,464
331,844
14,460
47,724
75,601
3 0 0 ,6 5 a
& K a n s a s ............ 131 11,137,100
17,209,544
1,574,761
242,876
19,013,006 1,155,500
51,050
212,486 179,410
809,732
I O m aha& L inc.
13
5.150.000
9,860,973
537.500
455,252
12,229,125 1,705,840
39,800
140,664 105,070
886,887
J N ebraska, oth. 117
7,573,100
12,156,388
1,411,781
15,051,708
710,9*7
12,720
85,234
87,348
379,375
i N o rth D ak o ta.
32
2.190.000
3,874,782
420,400
5,350,206
187,904
48,161
20,705
22,172
12,244
146,941
I S outh D akota.
36
2.235.000
3,500,583
503,775
3.903,013
152,106
26.93 4
294,877
7,500
43.134
157,586
[ T otal Div.No.6 650 77,890,200 13,523, L46 137,505,171 1,946,544 177,066,728 13,315,810
747,190 1 ,3 6 6 ,3 2 6 3,414,«1* 9,784,256
f N e v a d a ...........
282,000
437,882
128,000
66*,3 *9
31,045
8,*«9
200
2,775
2 San F rancisco.
2.500.000
4,590,720
1,250,000
6,406,862 1,970,810
111,579
1,000
4,000
48,197
140,609
S C alifornia, oth.
5.475.000
10,317,238
1,185,700
144,264
11,278,800 1,786,958
6,290
52,443
129,208
231,599
g O regon............
3.745.000
7,120,723
6 -6,409
8,299,014 1,322,890
392,869
1,860
56,710
20,»86
65,980
£ W ashington...!
6.480.000
8,324,715
1,321,417
51,836
12,073,873 1,032,495
28,700
106,079
22,631
105,019
I T o tal Div.No.7 13- 18,482,000
4,574,526
30,791,278
38,726.928 6,144,198
700,548
37,850
34», 003 100,260
5 4 5 ,9 8 a
f A r i z o n a .......
400.000
39,3oO
578,044
49»,007
6,238
119,155
1,500
3,785
11,326
20,842
j Colorado.
.
7.837.000
20,134,721
1,785,806
387,772
21,178,111 2,817,896
78,510
56,622 1,020,660
218,912
m I d a h o ...............
775.000
255,446
1,666,359'
49,734
1,524,663
237,405
2,530
9,074
13,380
52,860
y M o n ta n a ........
4.400.000
565,791
12,461,036
105,286
12,869,637
946,202
73,203
19,140
128,367
644,203:
9 New M exico ..
750.000
172,4< 1
1,638,859
190,248
1,597,277
118,053
26,340
6,110
2,135
73,348
-J O klah’a & I. T.
660.000
1,378,498
83,200
948,626
81,405
25,780
65,795
63,956
g U t a h ................
2.100.000
755,325
2,2*5,809
119,613
3,063,873
491,870
50,880
20,533
12,800
53,352
© W yom ing.......
1,160,000
145,574
1,799,486
2,286,721
198,632
40
22,288
6,695
48,787
i T o tal Div.No.8 138 18,082,000
3,802,893
41,942,812
856,841
43,967,915 5,Olo,61*
462,620 234,415 1,978,008
158,710
T o tal fo r U. 8 . . . 3,770 671,091,165 245,727.674 1,677,801,201 14,168.521 1.944.441,31' 159074677 40,56o,4»O 12,96»,073 38075412 18826131ft
C apital.

1894.

S u rp lu s.

<1*

In d iv id u a l.

-§§■
bg

I
&

é-S

if
1

Total
United
States.

Sj

Total
Reserve
dues.

Chicago.

Cleveland.

New
Orleans.

Pittsburg.

Wash
ington.

' Baltimore.

P hila
delphia.

Albany.

1Brooklyn.

«
&

'»liyasynxyi

T otals tor
R eserve
Cit ie s , Ac.

Boston.

i




1

1

K
O
O
Q
_C|_
O
B
Resources. Mill's. Mid's. Mil’s Mil’s Mill’s. MU’s Mil’s Mil’s Mil’s Mil’s Mil’s Mil’s Mid’s. Mil’s Mil’s Mil’s Mil’s Mil’s Mil’s Mil’s
Mil’s Mil’ns. Mil’ns. Mil’ns.
Loans........ 150-9 344-5 9 2 7-4 9 4 0 31-2 6 1 38-7 11-0 8 1 2 6 2 2 3 0 89-2 1 4 1 1 3 0 2-3 110 10-0 26-2 17-7
6-4
955 989 1.944
Bds for circ.
8-0 15-3
•0
6 5 1-0
•0
•9
•8 2-8
•9 3-5 1-3
3
1*7 1•5
•3
•7
•1
•3
•4 ■•6
50 151 201
30
•1
Oth.IT. S.bds
5-4
•8
•2
•2
•8
•3
*5 1-2
*4
•9
•3
•3
‘1
•2
•5
*1
16
12
28
Stfcs, bds,&c.
8-1 39-5 2-7
■ 10-5 1-0 1-2 1-7 2 ‘3
9
•2 3-9
64
•1
•5
•8
•7 2-2 1-3
•7
86 105
191
Duefr.banks 4 6 3 2 9 2 •3-0 4-5 2 4 ‘1 6 1 1-0 7'6 3*0 1-7 6 4 7-8 18-8 2- 5-6 9 2-4 2-0 4-8 6-0
•5 190 207 397
3 3 13-4
Real estate..
•3
•4
4-7 2-0 1 1 4-0
•7
•2
•4
•7
•2
1*0
•4
•0
•8 11
•9
59
38
97
8-5 74-1
Gi. coin & ctf s
*7 11-5 2-1 l-o 3 7
•4
•5
•5 1-2 1-7 23-2 1-2 2-2
7 2 0 143
2-0 1-2 11 -0
57 209
2'8 12-7
Bll.coin&ctfs
•1
•8
5-2 1-7
■
7 *9 1-4
•3
•2
3-5
•1
•1
•l
•5
2
•1 2 •2
34
17
51
6 4 6 4 7 1-3
L. tend notes
■
5 3-0 1-2
•9 1-8 1*5
•8 2-5 1 1 11-4
•7
•2
•8 1-8 1-5
103
35
138
4-0 3 3 2 ....
TJ.S.ctfs. dep
__ 1*2
4-3 3-1
•2
27
11
50
50
1-4
Nat.bk notes
•1
1-4
•3
•2
•3
•1
•3
*1
•2
•1
1-2
•2
•3
•2
•1
7
13
20
Ol’r’gH.exch
6 8 35-5
•1
*7
•1 1-8
•9 •1
7*1 1 ‘4
4-9
•2
*2
•3 . -2
•1
•5
1*3
•2
6&
63
3
Other res’ces
•1
19
53
•8
•s
•4
•1
2-1
■
2
•2
•4
• l j
•7
•3
•3
. *1
•2
•2
•1
•1
14
25
39
252-0 6 7 4 2 19-8 15-4 1 7 4 7 52-8 14-2 63'9 2 3 1 1 3 2 47-4 3 8 2 165-9 a r i 234 4-4 ÏS-0 17*1 43-5 3 T 0 24-4 IO7! 1,749 1,673 3,422
Totals.
Liabilities.
Capital......... 52-8 50-8 1*4 1*0 22-8 13-2 2-0 11-7 3-0 3*0 8-4 9-0 20-9 3-6 31
•8 3'8 5-7 9 7 6-4 5-1 2-5 242 429 671
Surplus fund 14-7 42-3 2-1 1-3 14-0 4-5 1-3 7-0 2-3
•7 2-7 1-9 11-4
*6 1-3 114 132 246
•0
•3
■ 1-2
2
•0
•4 2 1
Undi. profits.
5 2 16-3
*4
•2
2-4 1-i
•2 1-3
•3
•2 1-0
•0
•4
•1
•1
•1 1*0 . -5
•2
•2
2*0
34
•0
50
84
Circulation..! 7-3 1O 0
•0
•5 ' 5-1 1-4
*7 2-4
1 0 1-2
*8
•4
•8 3 0 1 1
•2
•4
•8
•0
■
2 *3
39 133 172
D uetodep’rsl 1 1 0 -5 ]3 1 4 3 14-9 6 5 1 0 3 8 2 6 5 9 0 3 4 5 14-0 4-0 20-4 2«i-4 73-8 9-5 15-9 1-3 9-1 7-8 16-7 11-7 10 3 4-7 840 852 1,692
D ueto banks 60-81240 2
•4 5 3 2 5 9 5-8
•4 6 3 2'2 3 2 11-3 4-8 56*8 6-2 3'5 1-8 3 3 2 4 1 3 9 11-9 7-5 1-5 475
59
534
Other tab's..
1 ‘2
•3
•1
•3
•1
•5
•1
•0
•9
_ *1
•1
•2
5
18
23
T itals. ...1 2 5 2 01674 2 19-8 1 5-4 >74-7 52*8 14 2 6 « 9 23-1 13-2 *7-4 3 8 2 1 65*9
1.yiO
■»44‘
i
3*5 1*0 *4<

£

TH E

368

CHRONICLE,

[Vol. LI X.
L atest E a rn in g s Reported.

Iw m stm c ttt
AND

R oa ds.

Week or Mo

J a n . 1 to L a test Date.
1894.

i

1893.

1894.

1893.

*
373,773
49,753
22,379
2,626
2,315

$
*
1
$
388.305 11,087,751 rl
12,493,729
86,224
23,258
23,417
.3,976
18,394
9,009
1,986
8,768

G ran d T ru n k __ W kA ug.25
Chic. & Gr, Tr. Wk Aug.18
D etG r.H .& M . Wk A ug.18
G eorget’n & W’n J u n e .........
G r.P .W a l.& B r. M ay...........
N
The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con G reatI .Morth’n -. J u ly ........... 1,099,738 1,085,660 5,267,117 7,016,027
St.
. &M
605,894
110,166 129,392
509,321
E ast, of M inn J u l y _____
tains extended tables of the Stocks and Bonds of Railroads,
94,770
667,642
850,679
M ontana Cent J u l y ........... 151,652
and other Companies, with remarks and statistics concerning
T ot. system . J u ly ......... . 1,361,556 1,309,822 6,617,117 8,289,563
22.346
2,368
2,375
22,503
G ulf & Chicago. J u ly ...........
the income, financial status, etc., of each Company. I t is H a r ts v ille . . . . . . M ay...........
5,441
448
307
3,607
18,227
3,442
3,931
published on the last Saturday o f every other month—viz., Hoos.Tun.&WIl. J u n e .........
17,829
209,072
25,300
29,557
Kous. E.&W.Tex J u n e .........
189,878
January, March, May, July, September and November, and is H um est’n&Shen J u l y ...........
8,000
8,425
71,434
64,800
furnished without extra charge to all regular subscribers o Illinois C entral. J u ly ........... 1,097,316 1,789,736 9,614,641 J.1,690,566
277,818
9,716
11.276
229,738
Ind.D ee.& West. 2d w k Aug
55,321
58,460 1,780,352 2,416,888
the C h r o n i c l e .
I n .* G t. N orth’n 3d w k A ug
36,513 1,462,577 1,321,869
.
W
g .ll
Ihe General Quotations o f Stocks and Bonds, occupying six iln tearo een(Mex.). 3d k A uAug 40,871
37,492 1,047,740 1,145,055
36,317
Iow C tral.
wk
1,921
24,406
22.572
3,038
Iro n R ailw ay. J u l y . . . —
pages of the C h r o n i c l e , are published on the t h i r d S a tu r524.473
37,274
36,377
510,473
Ja ck . T. & K. W J u l y ..........
d a y o f each month.
5,617 . 224.628
212,613
7.877
Kanawha&Mich 3d w k Aug
179,900
163,628
6,720
4,409
Kan.C. Cl. & 8p. 3d w k Aug
69,563
63,277 2,353,545 2,702,980
K.C.F.S.&M em 3d w k Aug
657.262
15,476
614,732
15,627
K.C.M em.&Bir 3d w k Aug
RAILROAD EARNINGS.
4,470
87,801
8,751
216,215
K. C. P itts. & G. 3d w k A ug
152,991
5,638
159,219
6,364
Kan.C. Sub.Belt 3d w k A ug
L atest E a rn in g s Reported. I J a n . 1 to L atest Date.
180,810
Kan.C. N W . . . . J u ly ..........
23,770
21,848
174,937
6,670
ROADS.
7,908
933
1,198
K an.C .& B eat. J u ly ..........
1893.
1894.
Week or Mo 1894.
1893.
236,086
8.311
8,495
228.704
K eokuk & W est. 3d w k Aug
5,414
45,604
6,124
38,663
L . E rie All. &8o. J u l y ....... .
$
72,760 2.013.595 2,287,990
77.255
L. E rie & W est.. 3d w k Aug
86,425 Lehigh & H u d .. J u ly ___
80,829
A d iro n d ack----- J u n e . . . . . .
13,371
15,448
57,721
314,469
23,505
214,451
190,726 Long Isla n d ___ M a y . . . _
221,223
Ala. M id lan d ... M ay...........
36,356
32,901
375,510 389,213 1,363,637 1,415,973
_
A llegheny V al. J u ly ........... 203,601 206,741 1,150,453 1,526,190 L ouis.& Mo.Riv. M ay ...........
165,600
24,472
33.282
124,653
14,049 Louis.Ev.& St.L. 3d wk Aug '28,699
17,359
4,085
A nnap. W. & B .. A p ril....... .
4,009
31,568
868,418 1,103,256
38,284 Louisv.& Nashv. 3d w k Aug 365,635 319,390 11.771,623 : .3,435,705
38,702
6,397
A rk . M id lan d ... J u n e . . . . . .
5,281
A toh.T.& S. F e. 3d w k Aug 570,323 596,361
77,246 1,688,234 2,115,315
61,017
Louis.N. A.& Ch. 3d w k A ug
St. L. & S a n F . 3d w k A ug 140.045 116,639
371,535
9,948
260,9-13
L o u .S t.L .* T ex . 3d w k Aug
8,378
A tlantic& P ac 3d w k Aug
59,606 . 4«,248
11,179
11.035
376,537
429,388
Louisv. S o u th .. 3d w k Aug
Col. M idland.. 3d w k Aug
25,712
31,979
39,278
5,548
43,114
6,860
M aeon & B irm .. J u ly ...........
Agg. t o ta l... 3d w k A ug 801.953 784,960 22,704.335 29,531,046 Manoues & A ug. M a y ...___
6,719
4,649
1,019
998
321,792 M anistique........ J u ly ...........
273,982
A tla n ta * Char, a M ay...........
47,536
58,491
70,238
10,212
4,015
41.189
204,808 MeMphis&Chas. 3d w k Aug
A tla n ta & W. P J u n e .........
226,784
27,952
34,550
886,332
20,323
17,187
765,679
7,032
iAtlan. & D 4 n v .. 3d w k Aug
11,749
tM exican Cent. 3d w k Aug 136,456 132,685 5,356,641 5,042,726
123,564 M exican I n te r ’l. J u n e ......... 179,245 182.838 1,062,363 1,069,283
116,858
A u stin & N’w est Ju n e
19,704
19,065
B .& O .EastLines J u ly .
,419,342 ,622,738 8,9 i 9,862 10,943,618 [Mex. N ational. 3d w k Aug
70,972
62,073 2,639,819 2,718,916
W estern Lines Ju ly .
372,913 489,333 2,461,544 3,588,163 Mex. N o rth e rn .
316,993
48,087
,792,255 ,112,071 11,411,406 14,531,781 tM exican R ’way Wk A ug.18
T o t a l . . . . . . . . J u ly .
65,140 2,004,031 1,970,796
63,435
BAL&O.Sou’w.d 3d w k A ug 132,829 132,238 3,784,949 4.240,481 M exican So. .. ls tw k Aug
3,732
106,293
172,294
7,350
10,383 Min neap. &S t. L . J u ly ....... .
9,434
1.621
B ath & H am ’nds J u n e .........
1.551
999,733
890,626
107.312 140,025
19,234 M o.K an.& Tex,, 3d w k Aug 174,685 159,746 5,440,584 5,888,919
12.408
B ir. & A tla n tic .. J u l y ........ .
2,064
1,508
B rooklyn E le v .. W kAug.25
25,695 1,142,027 1.233,315 Mo.Pac.&IronM 3d w k Aug 397,005 382,090 13,354,579 ;.5,688,535
26,947
70,103 1,556,646 2,183,839 Mobile & B irm . 3d w k Aug
Buff. Koch.&Pitt 3d wk Aug
67.938
176,088
6,574
158,794
5,339
Bur.C .R ap. &N. 2d w k Aug
64,590 ; 60,586 2,113,092 2,281,738 M obile* O hio.. J u ly ........... 211,375 250,835 1,800,866 1,917,680
315.826 Mont.&M e'x.Gli J u ly ...........
344,533
82,547
89.939
607,760
C am den & A tl.. J u n e .........
85,000
71,546
648,471
GanadianPacifle 3d w k A ug 359.000 423,000 10,735,378 12,582,264 Nash.Ch.& St.L. J u ly ........... 350,674 411,690 2,602,213 2,869,046
19,220 N evada C entral J u n e .........
23,287
5.552
C a r. Com. G&Ch. M a y ..........
3,357
24,451
2,343
4,274
13,217
31,298 N. Je rse y &N.Y. F e b r u a ry .
29,897
7,788
C ar. M id lan d .... J u ly ...........
8,271
41,971
42,799
20,306
19,435
6,876,249 8,418,336 N ew O rl.*So’n .. J u iy ..........
C e n tral of N. J . . J u l y .......... ,120,963 ,281,469
71,519
7,474
54,346
5.882
C e n tral Paeiflo.. T une....... . ,155,050 ,308,225 6,021,805 6,751,771 N.Y.C.&H.R---- J u ly ---- . . . 3,158,003 3,926,232 22,958,858 I
47,305 N. Y. L. E .* W . J u ly ........... 2,020,224 2,514,660 13,399,280
41,781
7.949
C e n tral of 8. C .. M ay...........
4,974
88,667 N. Y .Pa.& O hio.. J u n e ....... . 451,850 636,160 2,552,623 3,578,916
91,762
11,170
10,266
C har. Cin. &Chio. J u l y . . . . . . .
324,307 N. Y. O ut. &W . 3d wk Aug
312.7Í7
45.510 : 59,271
O h arlest’n&Sav M ay......... .
79,201 2,362,492 2,454,350
76,967
91,399 N.Y.Susq. * W .. J u n e ......... 157,501 165,153
87,336
©har.Sum .& No. J u ly ...........
8.500
8.000
832,636
803,055
26,866 N orf.& S outh’n J u l y . . . . . . .
19,413
3,856
C h a t’qu a L ak e.. J u n e .........
5,616
288,871
266,427
34,718
31,469
48,249 N orfolk & West. 3d w k A ug 228,753 184.977 6,354.667 6,478,283
40,590
5,255
Cher aw. & D arl.. J u n e .........
4,265
C hes.A Ohio___ 3d w k A ug 210,952 198,860 5,571,220 6,399.596 N’th e a s t’n (S.C.) M ay......... .
332,875
294,390
55,469
44,041
957,912 1,161,605 N orth’n C entral. J u ly ........... 499,918 566,165 3,197,065 4,060,716
Ghes. O. & So. W. J u n e ......... 147,974 175,253
9Ò1.563 1,352.138 N orth’n Paeiflo. 3d wk Aug 367,428 298.919
Chic. B ur. &No. J u l y .......... 102,846 174,873
Cnio. B ur. & Q.. J u l y ........... ,456,595 ,949,374 17,616,735 21,025,383 Oconee & W est. J u l y — *...
9,943
17,642
2,626
2,053
C h ic.* E ast. 111. 3d w k Aug
97,874 105,904 1,963,032 2,775,072 Ohio R iv e r......... 2d w k Aug
479,178
19,134
890,263
14,997
C hicago & E rie . J u n e . . . . . . 167,342 237,01* 1,075,590 1,448,210 Ohio S o u th ern .. 3d w k Aug
11,331
15,049
: Ohio. &t. W est’n 3d w k A ug
84,112 2,141.702 2,613 841 O m aha & St. L .. M ay...........
83,667
243,138
181,657
45,678
27.219
' CMo. Mil. & St.’P i 3 d w k A ug 549,643 520,820 17,062,911 20,405,378 Oregon Im p. Co. J u n e . . . . . . 309.353 328,714 1,805,859 1,816,411
i CJhlo.&N’th w ’n / J u l y . . . . . . . ,208,19." ,t>69,42¿ 16,174,9-6 18,7» 2,342 P en n sy lv a n ia .. - J u ly ........... 4,759,325 5,552,047 31,0 >7,502 (9,437,464
678.694 PeoriaDec.& Ev 3d wk Aug
554,730
15,905
©hie.Peo.&S.L... 3d wk A ug
19,430
569.764
509,086
19,136
22.194
ChiQ.R’k I .& P .. J u ly ........... ,018,436 .542,114 9,051,243 10,536,668 P etersb u rg ......... J u n e _ it
293,908
49,700
271,587
43,368
_
Chio.St.P.M.&O. J u l y ........... 408.046 556,203 3,950,144 4,422,474 Phila. & E r ie ... J u n e ......... 343,698 558,591 1,697,943 2,550,039
955,089 1,189,354 Phila. & Read’g. J u ly ........... 1,779,014 1,867,378 11,088,567
; Chic. & W. Mich. 3d w k Aug
32,706
33,233
38,124
; O n . Ga. & P o rts. J u ly .
37,223
6,305
5,494
C oal& Ir.G o... J u l y .......... 1,639,875 ,1640,402 11,865,713
7,115
4,967
990
'422
; C in.& K ent. Sou Ju n ¿
T otalbothC os. J u l y . . . . . . . 3,418,889 3,507,780 22,954,280
432,268 P itts. M ar. & Ch. J u l y ..........
388.671
Cin. J a c k * Mac. 3d w k Aug
11,999
13,797
22,666
18,181
2,918
2,744
O. A T. P. J u l y .— .. 263.000 330,2$6 1.906.000 2 ,3 39,2ol Pitt.Shen.& L .E. J u ly ......... .
253,537
209,784
54,798
41,097
753.000 1,008,980 P ittsb . & W est.. J u ly ........... 114,042 141,736
Ala. Gt. South. J u ly . — .. luO.OOO 131,027
695,142
869,718
739,726
620.000
W. Orl. & N. E. J u ly ...........
94.000
71.000
490,906
80,144
343,185
52,212
P itts. Cl. * Toi. J u ly ......... .
303,846
270.000
37.000
34.000
A la. & Vicksh. J u l y ---- . . .
192,712
155,135
38,588
27.27»
P itts. P a. & F. J u ly ....... ...
233,552
Vicks. 8h. & P. J u l y ....... .
274.000
37.000
38.000
45,661 1,300,450 1,655,951
52.133
T o ta l system .. 2d w k A ug
E rlan g er Syst. J u l y ..,.» .. 506.000 629,263 3.823.000 4,725,314 P itt. Young.& A. J u u e ....... .
725,785
447,338
92,101 188,8?.0
152.827 i P t.R o y a l* Aug. J u ly ...........
137,584
23,894
Cin. P o rts. & V.. J u l y ...........
20,269
164,894
158,590
17,871
17,800
8,152 ; Pt.Roy.&W.Oar. M a y ...........
Col. & Maysv. J u ly ...........
1,353
.966
' 5,872
141,330
21,085
148,688
19,441
17,465
Olev. A kron&Co. 3d w k A ug
1 I,W 9
155,134
128,636
22,951
17,638
Quincy O.&K.O J u iy ...........
16,512
17,020
d e v ; G a n .& So. 2d w k A ug
422,472
363,841
81*079
66,164
R ich.F r’ksb.&P. J u n e ....... .
CL Cin.Ch.&S.L. 3d w k Aug 265,849 274,784 7,640,551 8,677,012 Rich. & P etersb. J u n e .........
185,297
167,998
32,876
29,352
840,78 .> 956.899
Peo. & E a s t’n. J u l y ......... 127.453 143,330
341,420
5,453
216,955
8,028
3d w k A ug
33,611
42,224
Col. Newb. & L. J u n e . . . . . .
3,771
4,461
41,000 1,213,333 1,423,762
38.800
3d w k Aug
Col. H . V. & Toi. M ay......... . 104,886 243,309
914,830 1,328,940 Sag.Tuscola& H J u ly ......... .
73,380
65,659
12.002
15,070
Col.8hawnee&B 3d w k A ug
17,755
22,889
47,130
8.632
41,995
7,140
&
L. J u n e .........
12,555 Sag. Val. & St. H. 3d wk A ug
8,467
800
Colusa & L a k e.. J u l y . . . . . . .
2 ,«00
989,510
800,361
31,430
26,330
St. L. A. T.
8,241
, C r y s t a l ........... J u n e .......
5,036
1,307
753
15,916
15,216
2,135
1,901
427,074 St.L .K en’et&So, J u ly ..........
351.800
83,830
-Onmb’id Valley J u n e . . . . . .
66,440
69,100 2,442,447 2,959,327
71,300
S t.L.Southw ’rn 3d w k A ug
76,408 St. P a u l & D ul’tb J u ly ........... 115,879 151,841
- 77,483
C u rren t R iv er.. 3d w k A ug
1,878
2,361
979,291
742.963
C env. A Rio Gr, 3d w k Aug 144,400 105,300 3,881,869 5,070,935 San Ant. * A .P J u n e ....... . 117,768 146,362
853,256
681,352
748,529 S.Fran.& N.Pac. lstw k Aug
D et.L an s’g&No. 3d w k Au
648,598
23,328
25,009
476,479
459,629
15,760
17,050
IPfduthS.S. A Atl. 3d w k A n
40,525
45.358 1,054,567 1,411,385 Sav. Am. & Mon. J u l y ..•.»...
297,802
239,943
35,368
31,988
106,510
D u lu th & Winn.. M ay.........
50,486
25,345
8*773
199,492 227,696 1.361,313 1,360,709
M y
E.Tenn.V a. A Ga 4 til wk Ju ly 123,623 151,100 2,825,945 3,289,035 S av.F ia. & West. 3d aw ,.........
162,543
159,257
5,143
4,020
k A ug
523,885 Silverton..
äE lg in . Jcl.& E ast J u ly _ _
555,896
62;032
_
61,805
3D,975
15*597
6,372
5,500
J u ly ...........
41,908 Sioux City ’ N o M a rc h .....
' E u re k a Springs. J u ñ e .......
33,653
7,610
6,174
72,810
62,220
23,390
17,506
&
233,568
E v a n s A ln d ’plis 3d wk A ul
171,987
6:546
7,108
85,503
E v an s. A R ich .. 2d w k Aug
63,657
2,532
1*987
J u n e ......... 254,655 319,618 1,890,278 2,169,701
815,888
-sV v a u s v . A T. H 3d w k Auj
678,405
26.532
28,011
565,347
451,494
88,337
60,126
L ouis’a West J u n e .........
w i t o h b u i g ......... . J u n e .......
601,733 709,291 3,175,927 3,664,131
M organ’sL&T, J u n e ......... 399,644 397,92£ 2,634,200 2,594,779
F lin t A P . Marq. 1 w k AUi
46,664
3d
44,637 1,520,7 87 1,847.718
113,560
21,544
106,079
16,243
N.Y.T.&M ex J u n e .........
70,264
F lorence
76,612|
11,260
May
12.034
933,241
734,795
91,583 141,12»
T èx. &N, Orl J u n e ....... .
996,514
F ld .C n t. & Panin J u ly .........
157,134
97,795 1,476,410
6,434,922
A tlan tic sys.h J u n e ......... 826,433 974,824 5,866,268
212,564
F t. W. & Rio G r J u l y .........
133,339
23.034
13,119
Paeiflo systefl J u n e ......... 2,559,777 3,038,43t 14,826,555 16,726,136
6,007
3,799
662
Gads. & A tt. U ..i J u ly .........
886
3,386,215 4,013,263 20,692,823 23,161,058
T o ta l of all.
814.158
G eorgia R R .......¡3d wk A n
761,498
20,219
21,634
J u n e ......... '671,566 . 890,80€ 4,521,340 5,104,781
Bo. P ac.
242,574
334,532
45.532
© a. Car* la & No Ju n e
40,521
998,980 1,058,138
J u n e ......... 147,50» 166,9 L
479,532
498,029
Geo. So. & F l a ... J u ly ..........
75.197
64,838
501,542
74,543
455,766
71,092
C r, R ap. & In d .. 3d w k A ug
41,048
39.358 1,166,785 1,462,577 S outh B o u n d ..
98,091
127,279
17,124
19,387
292,767 S outh Car. & Ga
242,881
9,181
O In.R .& Ft.W . 3d w k Aug
7,707
679,049
587,639
81Ì19E
68.00C
33,853
30,703
973
969
T rav erse C ity. 3d w k Aug
12,835
5»6t9
7,741
66<
94,372 S o u th * Nor. Car
65,187
2,665
2,509
M us. G. R. & I. 3d w k Á ug
55.175
64,501
9,251
9-44?
53,711
T o ta l all lines. 3d w k An*
50,699 1.505.556 1.888,569 Spar. Un. * C o l. j j u n e .......

R ailroad %ntûlxQmu.




S eptem ber

1, 1894.1

TH E

L atest E a rn in g s Reported.

R oads .

Week or Mo

1894,

1893.

CHRONICLE.

Ja n . 1 to L atest Date.
1894.

Latest Gross Earnings by Weeks.—The latest weekly darn
ings in the foregoing are separately summed up as follows:
Our preliminary statement of earnings for the third week
of August covers 77 roads and shows a gain of 3*52 per cent.

A teh. Top. < San. F e .......
fe
St. Louis & S an F r .........
A tlan tic & Pacific.........
Colorado M id lan d ....... .
A tlan tic & D an v ................
B a lt. & Ohio S o u th w est.
B rooklyn E le v a te d ..........
Buffalo Rooh. & P itts b ’g.
C an ad ian P acific..............
C hesapeake & O h io ......
Chicago & E ast. Illinois.
Chicago G reat W estern..
Chicago Milw. & St. P aul.
‘ hic. P eo ria & St. L ouis.
C
Chicago «fewest Michigan
iCin. Ja c k so n & M ackinaw
‘Cleve, A kron & Colum bus
d e v . Cin. Chic. < St. L ..
fc
Col. Sand’sky & Hocking.
'¿Current R iv e r..................
D en v er & Rio G ran d e__
D e tro it L ans’g & N o rth ’n
iD u lu th 8. S. < A tla n tic ...
fe
¡Evansv. & In d ian ap o lis..
E vansv. & T erre H a u te ..
‘
SPlint & P ere M a rq u ette..
« G eo rg ia...________. . . . . .
‘G ran d R ap id s & In d ia n a .
C in cinnati R. & F t. W ..
T rav erse C ity.................
M usk. Gr. R ap. & In d .
‘G ra n d T ru n k o f C anada.
Chicago & Gr. T ru h x . ;
D et. Gr. H av . & M ilw..
JLntern’l & Gt. N o rth ’n . . .
Io w a C e n tral.....................
K an aw h a (fe M ich ig an.. . .
K a n sa s City Clin. & S p r..
K a n . C ity F t. S. & M em ..
K an . C. Mem. < B irin . . .
fe
K an . C ity P ittsb . & G ulf.
K an . C ity Sub. B e lt.........
K eokuk & W e ste rn .........
L ak e E rie & W e s te rn _
_
Louisv. E v an sv . & St. L
Louisville & N ash v ille...
L ouisville N. A. & Chic..
L ouisville St. L. & T exas.
L ouisville S o u th e r n .. ..
M em pnis & C h a rlesto n ..
M exican C e n tral..............
M exican N atio n al............
M exican R a ilw a y _ . . . .
_
Mo. K an sas < T e x a s___
fe
Mo. Pacific & I ro n M t___
M obile & B irm in g h a m ...
N ew York O nt. & West’n .
N orfolk & W estern..........
N o rth e rn P acific..............
Ohio S o u th ern . ......... .




1894.

1893.

$
570.323
140,045
59,606
31,979
11,749
132,829
26,947
t.7,938
359,000
210,952
97,874
83,667
549,64 3
19,430
33,233
13,797
17,104
265,849
22,889
2,36i
144,400
25,009
40,525
6.546
26,532
46,6^4
20,219
41,048
9,181
973
2,509
368,998
49,753
22,379
55,321
36,317
7,877
6,720
69,563
15,627
8,751
6,364
8,311
77,255
28,699
365,635
61,017
8,378
11,035
20,323
136,456
70.972
63,435
174,685
397,005
5.339
76,967
228,753
367,428
15,04*-

$
596,361
116,639
46,248
25.712
7,032
132,238
25,695
70,103
423,000
198.860
105,904
84.112
520,820
15,905
82,706
11,949
17,465
274,784
17.755
1,878
105,300
2 ¿,828
45.358
7,108
2 " ,o i l
44,637
21,634
39,358
7,707
969
2,665
394,223
86,224
23,258
58,460
37,492
5,617
4,409
63,277
15,476
4,470
5,638
8,495
72,760
31,568
319,390
77,246
9,948
11,179
17,187
132,685
62,073
65,140
159,746
382,090
6,574
79,201
184.977
29d,919
11,331

Increase.
$
23.406
13,358
6,267
4,717
591
1,252
12,092
28,823
3,525
527
1,798

Decrease.
$
26,038

2,165
64,000
8,030
445

..i.

356
8,935

--T

4,833
562
1,479

5,134
483
39,100
2,681

2,027
1,690
1,474
4

2,260
2,311
6 386
151
4,281
726
4,495
46,245

3,136
3,771
8,899
14,939
14,915
43,776
68,509
3.718

3d week of Augxist.

1893.

S o u th ern Ry Rich. & D an.
C har. C. &A, i
285,187 258,562 9,180,208 9,796,656
C ol.& G r’nv. f 3d w k Auj
E .T .V a. &G. ^
G eorgia P a c .. 3d w k A uu
42,412
40,075 1,112,717 1,177,248
T o ta l..... .. 3 d w k A u g 327,599 298,637 10,292,925 10,973,904
¿Staten Isl. R . T. Ju ly
155,967 147,149
618,584
603,275
StonyCl.& CM t.. Ju n e
4,998
5,824
12,893
14.860
S um m it B ran ch . Ju ly
63.269
90,307
525,555
742,607
L ykens Valley Ju ly
58.288
86,053
4t>7,898
639,293
T o t’lb o th Co’s Ju ly
121,557 176,360
993,453 1,381,900
T exas & Paoilio. 3d w k A ug 120,571 101,942 3,704.108 4,043,367
Tex.S.Val&N.W J u ly ...........
2,731
4,717
23,206
30,867
ITol.A.A.&No.M. 3d w k Aug
23,164
17,923
644,117
655,498
Tol.& Ohio C ent. 3d w k Aug
56,719
991,660 1,222,860
27,233
Tol. P . < W est.i 3d w k A ug
fe
22.288
22,272
532,674
595,156
3 8 ,9 '5
T o l.S t.L .& K .C . 3d w k Aug
916,796 1,145,616
32.198
U lste r & D e l.... Ju n e
38,393
40,089
174,896
180,448
Union P acific—
Un. P ac. R R .. J u n e . . . =r. ,188,197 1,530,287 6,565,710 8,505,990
Or.S.L. & U. N J u n e .. . . . .
386,614 610,147 2,350,907 3,199.517
O r.Ry. & N.Co J u n e ....... .
97,677 337,961 1,228,091 1,855,510
U. P ac. D. & G. J u n e ....... .
200,216 321,651 1,307,474 1,990,024
F t W’th& D .C . J u n e ....... .
74,044 120,174
513,654
760,866
SfcJos.&Gd.Is. J u n e _____
54,118
73,999
410,556
507,990
Kan.C.&Om. J u n e ........
7,553
13,464
58,656
90,261
17,732
T ot.8t.J.& G .I. 3d w k Aug
574,502
20,058
7 4 ' ,661
C e n t.B r........... J u n e . . . . . .
26,823
32.068
211,158
247,635
Ach.Col.&P. i
26,316
192,472
281,660
34,057
A ch .J.C .* W> J u n e ........
M o n tan a U n .. J u n e ....... .
35,545
94,099
186, 332
417,176
M an.A l.& B ur. J u n e ....... .
„ unu
2,546
2 1 , 035'
2,703
20,971
Gx*d to tal.*c‘J u n e ......... ,245.593 ,343,880 14,025, 581 19 187,396
W a b a s h ...........[3d w k A ug
260,000 282,000 6,909, 227 8 494,214
W aco<& Northw J u n e . . ___
15,188
13(644
82, 415
95,625
W est J e r s e y ..... J u n e ......... 141,264 168,888
674, 369
772,926
W.V.Cen.& P itts J u l y .. . . . . . 107.743
543, 893
702,363
90.068
W est Va.& P itts. M a y ...........
34,256
39,309 .147, 681
156,259
“ estern of Ala.. J u n e .........
W
33,264
37,968
243, 822
228,991
W est. M aryland. J u l y ........... 120,720 112,027
668,597
660, 058
W est. N.Y. & P a. 3d w k A ug
73.300
65,000 1,850, 392
307,615
Wheel. & L. E rie 3d w k A ug
28,592
29,477
715, 889
968,546
W il.Chad.&Con. M a y ..........
2,079i
1,739
9, 354
9,693
Wil. Col. ¡S Aug. M ay___.....
c
36,3*3
250, 784
44,500
291,872
Wrightsv.<feTen, J u l y ...........
7,960
44, 103
5,194
42,410
t In clu d es M ilw aukee & N o rth ern fo r a ll periods.
* F ig u res given do n o t include L eav en w o rth T opeka & S o uthw estern,
a F ig u res cover o nly t h a t p a r t of m ileage lo cated in S outh C arolina
b In clu d es earn in g s from ferries, etc., n ot given se p ara te ly , f M exi
can cu rren cy . - c In cludes only h a lf of 'lues in which U nion Pacific h a s '
a h a lf in te re st. d Includes Ohio & M ississippi in b o th y ears. f In
J u n e an d Ju ly Mil. L ake Shore & W estern included fo r 1894, b u t n o t
*for 1 8 9 3 ; fo r p rev io us m onths th is ro a d is in clu d ed in both y ears.

3d week o f A ugust.

.369

1,415

___
156
25,225
36,471
879
3,139
1,175

_
_
184
2,869
16,229
1,570
144

1,705
_
_
1,235
2,234

P eoria Dec. < E v a n s v ...
fe
Rio G rande S o u th ern _
_
Rio G rande W estern .......
St. Jo sep h & Gd. Isla n d ..
St. Louis A lt. & T. H aute.
St. Louis S o u th w este rn ..
Sherm an Shreve. & S o ...
S outhern R ailw ay.........)
Rlohm’d < D anville
&
Char. Col. & A u g ... [
C olum bia*G reenv. |
E astT enn. V a.& G a.)
G eorgia P acific.........
Texas & Pacific................
Tol.A nn Arbor &N.M ich.
Toledo & Ohio C e n tra l...
Toledo P eo ria < West’n ..
fe
Tol. St. L. & K an. C ity...
Wabash...............................
W estern N. Y. & P e n n ...
W heeling & L ake E r i e ..
To+al (77 ro ad s)......... .
Net in crease (3-52 p .c .)..

1894.

1893.

Increase.

$
22,194
8,028
38 800
17,732
28.33C
71,300
4,020

$
19,136
5,453
41,000
20,058
31,430
69,100
5,143

$
3,05°
2,575

285,187

258,562

26,625

42,412
120,571
23,164
56,719
22,288
38,995
260.000
73,300
23,592

40.075
101,912
17,923
27,233
22,272
32.198
282.000
65,000
29,477

2,337
18,629
5,241
29,486
16
6,797

6,934,870

6,747,346

...........

........

482,63)
237.524

Decrease.

2,200

$
2.200
2,326
5.100
1,123

8,300

22,000
885
245,107

For the second week of August our final statement covers
83 roads, and shows 0-11 per cent loss in the aggregate.
2d}w eekfof A ugust.

1894.

1893.

Previously re p ’d <72 r ’dsl
A tlan tic & D an v ille___
Chicago & G rand T ru n k .
Cnioago G re a t W estern,.
Cleve. C anton & S outh’n.
Det. Gr. H aven & Milw..
Intero eean io (M ex.)........
Iow a C e n tra l.....................
Kan. C ity P ittsb . & G ulf
K an. City S uburban Belt.
M exican R a ilw a y .____ _
Onio R iver.........................

$
6,288,592
10,942
49,089
8 A 936
17,020
21.005
40,871
37,618
8.322
7,182
51,531
14,997

$
6,254.434
'7,720
81,415
73,739
16,512
22,823
36,513
37,497
4,899
5,853
57,235
19,134

$
2 34,605
3.223

6,610,103

6,617,769

286,769

N et decrease (O 'll p. a.'.

Increase.

9,203
50t
4,358
121
3,423
1,329

Decrease.
*
250,447
32,326
1,818

T
_
5,701
4,137
294,429
7,660

The following will furnish a comparison of the weekly
results for a series of weeks past.
W EEKLY GROSS EARNINGS.

Period a n d num ber o f
roads included.
J u n e —1 st w eek ( 75 r'ds).
“ 2d week (76 r ’ds).
“ 3d w eek (74 r ’ds).
“ 4 th w eek (75 r ’ds).
J u l y —1 st w eek ( 7 6 r’ds).
h
2d w eek (72 r ’ds).
“ 3d w eek (81 r ’ds).
‘* 4 th w eek (8 0 r ’ds).
A ug.—1 st w eek (83 r ’ds).
“ ■ 2d w eek (83 r ’ds).
“
3d w eek (77 r ’ds).

1894.
$
5,471,365
5,626,608
5,561,553
7,254,082
4,295,728
4,522,304
5,99 f,946
8,729,692
6,523.140
6,610,103
6,981,870

1893.
$
6,985,066
7,117,460
6,949.839
9,001,152
6,341,485
6,137,405
6,840,895
9,081,016
6,650,562
6,617,763
6,747,346

Chavges,A m ount.
P. ct.
$
1,513,701 Dee. 21-67
1,490,852 Deo. 20-94
1,388.286 Dec. 19-98
1,747,070 Dec. 19-41
2,045,759 Dec. 33-26
1,615,201 Deo. 28 31
848.949 Deo. 12-41
354,324 Dec. 3-90
127,423 Deo. 1-91
7,660 Dec. O il
3-52
23 7,251 Inc.

For corresponding weeks last year losses were as follows,
the roads, however, not being quite the same as those included
in the present year’s comparisons :
-L oss L A S T T E A R i n September.
Ju ly.
A u g u st.
P. Ct.
Dollars.
Dollars.
P . Ct.
Dollai
P. Cl.
1 st w e e k ___
983,054 1 2 3 1
3,118,606 14.38
300
204,508
1,131,610 14-89
2d w e e k ....
611,017
8-01
90o,29i> 11-40
848,546 10-37
3d w e e k _
_
1,180,117 15'95
633,058
8 09
1,154,432 10-69
785,959
1,926,115 17-02
4 t h w eek _
_
815

Net Earnings Monthly to Latest Hates.—The table illlowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in. these
columns, and the latest statement of this kind will be found
in the C h r o n i c l e o f August 25. The next will appear in the
issue of September 22, 1894.
-----dross H am ings.-----»,----- Net E arnin g s.1894.
1893.
1894.
1893.
$ '
Hoads.
$
$
$
690,937
475,268
C anadian P a c if lc .a ..J u ly 1,517,609 1,963,267
Ja n . 1 to Ju ly 3 1 ..,. 9,655,378 11,323,264 2,760,499 3,760,207
541,752
404,033
Cent, of N. J e r s e y .a ..J u ly 1,120,963 1,281,469
Ja n . 1 to J u ly 3 1 .... 6,876,249 8,418,336 2,241,655 3,253,213
293,375
299,304
Chesap. & Ohio. . . a . . Ju ly
809,452
855,114
J a n . 1 to Ju ly 3 1 .... 4,934,943 5,803,016 1,611,186 1,680,981
12,116
6 5 ,0 0 7
Ohio; Bur. & N o rth .b .. J u ly
102,846
174,873
448,438
175,160
Ja n . 1 to Ju ly 3 1 ....
901,563 1,352,139
848,362
928,398
Chic. B url. & Q u in .b .Ju ly 2,456.593 2,949,374
J a n . 1 to Ju ly 3 1 .... 17,616,735 21,925,383 6,155,594 6,742,505
736,334
378,170
Chic. M. & St. P . a . . . . J u l y 1,779,226 2,593,355
J a n . 1 to J u ly 3 1 ....1 5 ,4 5 7 ,5 0 1 18,903,719 5,019,133 5,592,061
4,925
12,082
Cin. Jaok.& M ack. b .. J u ly
54,456
54,486
62,546
56,716
Ja n . 1 to J u ly 31 ___
346,250
395,147
18,396
19,129
63,148
Cleve. C anton & So. Ju n e
85,224
236,577
104,719
921,562 1,205,252
Clev.Cin.C.& S t.L .a .. Ju ly
Ja n . 1 to J u ly 3 1 . . . . 6,838,882 7,878,189 1,614,754 1,824,046
20,326
29,836
P eoria & E a s t’n ..a . Ju ly
,127.453
143,330
84,464
71,61»
Ja n . 1 to Ju ly 3 1 ....
840,730
956,899
6,929
15,024
Ga. S outh’n & F l a .b .. J u ly
75,197
64,833
67,756
104,624
Ja n . 1 to J u ly 3 1 . . . .
498,021
479,532
33,412
102,530
K an. C .Ft. S .& M .a ... Ju ly
342,918
353,383
6 5 3 ,4 5 2
789,845
Ja n . 1 to Ju ly 3 1 . . . . 2,697,119 3,055,247
22,885
........
M exican N orthern ..J u n e
48,087
...........
166,669
........
Ja n . 1 to J u n e 3 0 . . . .
316,993
........
N.Y.L.E. <
feWest’n .c ..J u ly 2,020,224 2,514,660 "566,019 *525,221
J a n . 1 to J u ly 3 1 ....1 3 ,3 9 9 ,2 8 0 17,093,017 '3,444,062 *5,203,133
Oct. 1 to J u ly 3 1 ....2 0 ,7 0 5 ,0 3 7 24,883,389 ’5,811,288 *7,937,047
7,746
8,437
N orfolk & S o u th ........J u ly
31,469
34,718
81,225
91,625
J a n . 1 to J u ly 3 1 . . .
266,427
268,871

370

THE

CHRONICLE.

-Gross E tim in g s.—Net E a rn in g s.-----.
1894.
1893.
1894.
1893.
Roads.
$
$
N orfolk & W e st.a ...J u ly
843,074
802,509
196,732
190,666
Ja n . 1 to J u ly 3 1 . . . . 5,698,252 5,879,330 1,411,163 1,504,275
N o rth ern C entral.!».. J u ly 499,918
566,165
146,549
153,567
Ja n . 1 to J u ly 3 1 .... 3,197,065 4,060,716
834,631 1,196,823
P en n , (east P .& E .) ..J u l y 4,759,325 5,552,047 1,408,816 1,530,507
Ja n . 1 to J u ly 3 1 ....3 1 ,0 0 7 ,5 0 2 39,437,464 8,279,534 10,365,972
.L inesw est P .& E ...J u ly
Deo. 608,223
Deo.
24,403
J a n . 1 to J u ly 3 1 . . . .
D eo.5,251,442
D eo.1,756,649
P h ila. & R e ad in g .......Ju ly 1,779,014 1,867,378
793,013
735,311
J a n . 1 to J u ly 31 ...1 1 ,0 8 8 ,5 6 7 12,942,314 4,663,180 4,736,250
Dec. 1 to J u ly 3 1 ....1 2 ,8 4 1 ,0 7 8 14,910,681 5,443,407 5,612,093
Coal & Iro n C o .....J u ly 1,639.875 1,640,402
150,296
92,026
J a n . 1 to J u ly 3 1 ....1 1 ,8 6 5 ,7 1 3 13,003,403 def.5,702
155,334
Dee. 1 to Ju ly 3 1 ....1 4 ,1 4 5 ,0 2 3 14,708,753
111,751
144,078
T o ta l b o th Co’s .......J u ly 3,418,889 3,507,780
943,309
877,337
Ja n . 1 to J u ly 3 1 ....2 2 ,9 5 4 ,2 8 0 25,945,722 4,657,478 4,891,584
Deo. 1 to J u ly 3 1 ....2 6 ,9 8 6 ,1 0 1 29,619,434 5,555,158 5,7 56,171
T enn. Coal I. & R R ...Ju ly
.............
......... .
39,700
55,200
J a n . 1 to J u ly 3 1 ....
............
.............
325,200
479.400
Feb. 1 to J u ly 3 1 ....
...................................
254,000
413.400
Toledo & 0 . C ent. b .. Ju n e
106,683
145,931
19,186
38,173
J a n . 1 to Ju n e 3 0 ___
669,869
967,261
199,133
315,238
J u ly 1 to Ju n e 3 0 .... 1,648,539 2,095,332
553,632
723,371
a N et earn in g s h ere given a re a f te r d ed u ctin g ta x e s .
1» N et earn in g s h ere given a re before d ed u ctin g ta x e s ,
c N et earn in g s h ere given are a fte r d educting ta x e s on p ro p erty .
* A fter dedu ctin g p ro p o rtio n due ro ad s o p e ra te d on a p e rc e n ta g e
b a s is .n e t in Ju ly , 1894, w as $384,099, a g a in st $294,953 in 1893; for
seven m onths from Ja n u a ry 1 to Ju ly 31, $2,273,471 in 1894, a g a in st
$3,720,162 in 1893, a n d fo r te n m o n th s from O ctober 1 to J u ly 31.
$3,966,677, a g a in st $5,731,879.

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
■tlnler’t, rentals, <6c.-* r-B al. o f Net E arns.-*
1894.
1893.
1894.
1893
Roads.
$
Ohio.Burl. & Q uincy.. Ju ly
800,000
822,881
48,362
105,517
J a n . 1 to J u ly 3 1 . . . . 5,600,000 5,7t'0,166
555,594
982,339
Clev.Cin.Ch.& S t.L ...J u ly
232,468
218,383 df. 127,749
18,194
P eo ria & E a s te r n ,. J u ly
36,802
36,802 def.6,966 def. 16.476
K an . C. F t. S. & M ... .J u ly
108,271
108,897 def.5,741 def.70,4 35
T enn Coal I. & RR. ...Ju ly
59,700
60,300 def. 20,000 def.5,100
Feb. 1 to J u ly 3 1 ....
358,200
361,800 If. 104,200
51,600

ANNUAL REPORTS.

[Vol. L1X.

’
1892.
Inabilities—
$
S tock ...............
65,135,300
B onds (see S u p p l e m e n t ) ................................. 46,814,500
A ccounts p a y ab le...............
549
U nclaim ed d iv id en d s..... .................................
.............
C om pany’s sinking fu n d ...................................
135,785
325,370
T ru stees la u d g ra n t m o rtg a g e ........................
M iscellaneous.....................................................
52,373

67,835,900
50,794,500
14,145
82,996
272,505
538,792
8,216

T o ta l................................................... f t ........112,463,877
B alance, assets o v er lia b ilitie s .......... .......... 14,499,54

119,607,054
15,0 7 7 ,4 0 0

1893.
$

Colorado Fuel & Iron Co.
(For the year ending June 30,1894.)
The annual report of President Osgood will be found at
length on another page. This company is one of the “ Indus
trials’’ that always publish a full report, and in this way
contributes something to the good repute of that class of cor
porations which would stand vastly better as a whole if all of
them published similar reports. Comparative figures of
gross and net earnings, and the income account and balance
sheet, are compiled for the C h r o n i c l e as follows :
GROSS AND NET EARNINGS.

-Gross------------ .
1892-93
1893-94.
F u el d e p a r tm e n t..........$3,605,103 $2,294,569
Iron d e p a rtm e n t........... 2,951,105
1,775,562
D enver re ta il dep’t .............................357,714
244,856
51,2 34
S e c u ritie s....... ................
43,909
M iscellan eo u s................
2,806
16,852

-Net3 892-93.
1893-94..
$816,187 $449,380
204,661
145,428
14,550
5.196
51,234
43,909
2,806
16,852

T o t a l .........................$6,967,962 $4,375,748 $1,089,438
D ed u ct gen’l ex p en ses.................................................
124.906
124,906

EARNINGS, EXPENSES AND CHARGES.

1892.
M iles of ro ad Dec. 3 1*....................................
1,772
Receipts—
$
G ross e a r n in g s .......... ..................................... . 10,231,484
I n te re s t on o p en acco u n ts....................... .
R e n ta l from A tla n tic & P acific...................
436,749
M iscellaneous r e n t a l .........................._.........

1893.
1,861
$
10,669,223
41 072
436,266
189

T o ta i........................................................ .
10,668,232
O p e ra tin g ex p en ses............................ ............. 5,889.819

98,656

B alance to incom e a c c o u n t................... .................... $964,532 $562,109
INCOME ACCOUNT FOR 1893-94.
N et e a r n in g s .... . ...............
$562,109
Deduct—
In te re s t on b o n d s ..................................................................................$318,840.
T a x e s .................................. ................................. . ................ ..; i 41 879
S i a k i n g f u n d ..................... ................... .............. ....L LH H T !»!/ 73*788
In te re s t and e x c h a n g e ............ ................................|
"
582:
D iv id en d s............................ .......................................... .
H i J
80,177
T o t a l ........................................................................
S urplus fo r 1893-94 ...............................................................
Surplus fo r eig h t m onths of 1892-93, less deductions"

$515,266
«46 843
' 31,204

T otal su rp lu s......................................................................

Southern Pacific Railroad of California.
(For the year ending December 31,1893.)
From the report lately issued by the Southern Pacific Rail
road of California (a part of the Southern Pacific Company's
system) the following figures are made up. The President’s
report will be found on another page. This railroad has not
of late years issued a re port separate from that of the Southern
Pacific Company, but there has been some confusion in the
public mind as to the Southern Pacific Railroad property, and
hence the issue of a separate pamphlet report.

$610,765-

$78,047

GENERAL LEDGER TRIAL BALANCE JUN E 30.

1893.
R e a l e s t a t e .........................................
$10,958,301
E q u ip m en t fuel d e p a r tm e n t............................
2,177,882
1,728,072
E q u ip m en t iron d e p a r t m e n t....................
E q u ip m en t m iscellaneous .................
93,347
B ond expense ........................................ .........
Cash a n d co n v ert a s s e t s ....... .........................
2,388.451
C. C. & I. Co. bond sinking f u n d .................
445,000

1894.
$11,02 2 ,7 6 6
2,202,520
1,806,224
9 8,364
1 ,5 3 2
2,007,035
478,000

T otal a s s e t s ....... .................... ....................$17,791,053
Liabilities.
C apital stock (issued)......... ................
$11,250,000
Colorado r'uel Co. b o n d s ....... ........................ .
l ,040,000
Colorado Coal & Iro n Co. b o n d s ......... .
3,499,000
L oans on general m o rtg ag e bonds.............. ..
1,000,000
8 O.000
P re fe rre d stock dividend s c r ip :.....................
C. C. & I. Dev. Co. release a c c o u n t ..............
1,658
Incom e acco u n t (su rp lu s)..................................
15 7,319
763,076
Cash lia b ilitie s ..............................

$11,250,000
1.040.000
3.499.000
906,6 4 8
159,616
21,825
78,047
661,305

$17,616,441

6,066,120

N et e arn in g s............ ..................................
Deduct—
In te re s t on b o n d s ....................... ................
In te re s t on a cco u n ts.......................................
R e n ta ls...................................................
T a x e s.............. ...............................................
T o t a l . . . . ........................................... .
S u rp lu s from o p e ra tio n s.........................

T o ta l lia b ilitie s ............................................. $17,791,053

4,778,413

5,080,630

2,661.826
103,928
59,777
270,507
,

3,096,037
1,682,376

1,998,212

Brooklyn Elevated Railroai.
(For the year ending June 30,1894.)
The following has been compiled for the C h r o n i c l e from
reports made to the New York State Riilro id Commissioners
for the year 1893-4, compared with previous years:
EARNINGS, EXPENSES AND CHARGES.

1890-91.

* In clu d es th e 242 m iles leased to A tlan tic & Pacific RR.
£}
Cr.
N et profit u n d er lease to South. P a r. C o ...
S a le so f la n d s ............! ______________
In te re s t on bonds o w n e d .......... .

B alance, surplus, for v e a r___
D ividends on s to c k ..........

1892.
$
1,175,191
o os a««
33,415

1893.
$
1 164 741
i
36,720

1,412,489

2,668,564

76,848
203,863
133,445

79,830
1,467,103
136,720

414,156
998,333

Dr.
E x p en ses an d tax es, la n d errant___
A pplicable to red em p tion 6 p e r cen t bonds
Sinking fu n d s ..................

3,683,653
2,036,445

R e su lt.......................
B alan ce fo r previous v e a rs.......

l ; 786)825

IH I jUti A l 0
J1»
,)
2,810,724

2 785 I 08

S urplus Decem ber 3 1 . . . . ............

1,759,190

ASSETS AND L IA B IL IT IE S .

. ,
Assets—
Cost of ro ad , & c........ ................
B onds on h a n d ....................
S u rp lu s e q u ip m e n t.....................
N o tes for lan d s sold ...........
C om pany’s siuking f u n d ................. .
L an d g ra n t sinking; f u n d ... ____
S o u th ern Pacific Co............. .
C ash ..........................................
M is c e lla n e o u s .....................
T o t a l . . . ; ................................. .




1892.
®

too 710 ook

3

c

_

720*810
2,562,933
1,142,955
779,334

126,963,421

1891-92.
$

P R O F IT AND LOSS ACCOUNT.

$17,616,441

G ross e a rn in g s..................... 1,746,507 1,825,327
O p eratin g e x p en ses........... 989,872 1,030,528
N et e a ro in g s............
O th er in co m e.................

1892-93.
1,935,683
1,091,713

1893-94.
$
1,755,262
1 ,0 7 6 ,6 6 2

843,970
11,147

678,6 0 0
5,917

$

756,635
12,702

794,799
9,327

T o ta l................................ 769,337
D educt—
I n te re s t on b o n d s ................ 504,670
O th er in te re st .....................
2,804
R e n ta ls ....................
105,500
T a x e s ........ ............................
12,606

804,126

855,417

634,517

628,712
2,563

641,450
2,104
2,500
93,255

6 4 1 ,4 5 0
4,833
5 5 ,7 1 0
109,136

T o ta l................................
S u r p l u s . . . , / . . , . . . ................

661,375
142,751

625,580
143,757

mm

744,309
811,135
111,108 d e fl2 6 ,618
GENERAL BALANCE SHEET JU N E 30.

1893.
j
,
1892.
1894.
Assets—
$
$
$
Cost of ro ad a n d e q u ip m e n t...........26,319,691 26,417,465 26,483,105Supplies on h a n d .................
93,717
108,419
111,045
C ash on h a n d .................................
84,054
23,603
60,263
1893.
B ills receivable an d m iscellaneous
116,412
152,690
275,499/ 9
1 T o t a l...............
......2 6 ,6 1 3 ,8 7 5 26,702,190 26,929,912
92,000
E i ' bi titles—
C a p ita l stock, co m m o n ....................13,283,600 13.283,600 13,283,600
3,748,615 F u n d e d d e b t.........................................12,968,000 12,968,000 12,968,000
5 951,305 Loe>ns an d bills p a y a b l e ....... .
.............
300,000
( 538,791- I n t. on funded debt, due an d acar.
114,66b"
114,000
114 ,0 0 0
189,959 O pen accounts, pay-rolls, ietc.......
85,311
99,036
144,929
297,579 S u n d rie s...................
995
1,209
9,653
589- P rofit a n d loss (surplus)....................
161,969
236,345
109,730
134,684,454
T o ta l................................. ........2 6 ,6 1 3 ,9 7 5 26,702,190 26,929,912

THE

S eptem ber 1, 1894.]

CHRONICLE.

New York & Harlem Railroad,
('For the year ending June 30, 1894. J
: The following is compiled from reports to the New York
State Railroad Commissioners :
EA R N IN G S, E X P E N S E S AND CH A R G ES.

1892-3.
$1,090,833
778,104

1891-2.
G ross e a rn in g s ..... ............. .. .. $1,054,168
763,053
G p eratin g ex p en ses.............. „

1893-4.
$1,072,604
712,250

N et e arn in g s........................
G th e r in co m e....... ................ ,

$286,115
50,307

$312,734
53,423

$360,354
60,751

T o ta l.................................. ..
Deduct—
T a x e s.......................................
D iv id en d s................... .

$336,422

$366,157

$421,105

33,864
250,000

35,046
250,000

34,809
300,000

..
T o t a l . . . . . ........... .
S u rp lu s....... ....... . . . . . ___ . . .

$283,864
$52,558

«Cost of r o a d ..................$22,100,587
“
e q u ip m e n t.... 1,464,827
M iscellan eo u s..............
4,800
20,092
C a sh ....... ........................
«Open a c c o u n t s ........... 1,360,274
•Supplies.....................
71,598

$285,046
$334,809
$86,296
$81,111
J U N E 30, 1894.
Liabilities—
C apital sto c k ................ $10,000,000
B onded d e b t .....
.. 12,000,000
Div. an d in t u n p a id ..
2,156
Bills p a y a b le ................
44,071
O pen a c c o u n ts ............
9,430
P rofit a n d loss (su r,).. 2,966,521

T o ta l......................$25,022,178

T o ta l............. .......... $25,178,022

BA LAN CE SH E E T

Ogdensburg & Lake Champlain Railroad.
(For the year ending June 30,1894 J
From reports to the New York State Railroad Commission*ers the following is compiled :
E A R N IN G S, E X P E N S E S AND CH AR GES.

1890-91. 1891-92. 1892-93. 1893-94.
$
$
$
$
■Gross e a rn in g s ...................: ........8 0 0 ,1 8 2 858,416 850,176 781,090
O p eratin g ex p en ses an d t a x e s ....616,066 596,732 633,429 560,525
N et e a rn in g s................................. 184,116 261,684 216,747 220,565
A dd o th er in c o m e ....... .................... 7,180
3,917
3,887
4,563
T o t a l ...............................................191,296 265,601 220,634 225,128
Deduct—
I n te re s t on b o n d s..........
224,000 224,000 224.000 223,480
In te re s t on.floating d e b t................. 6,085
6,C43
3,322
3,048
R e n ta ls.................................................. 4,083
3,500
3,375
3,250
T o tal...................... .......................234,168 233,543 230,697 229,778
B a la n c e ........................................ def.42,872 sr.32,058 df.10,063 df,4,650
G E N E R A L BALANCE SH E E T .JU N E 30, 1894.
A sset*.
Liabilities.
C o st of re a d an d e q u ip .$7,568,039 C ap ital sto c k ..................$3,077,500
B o n d s of o th e r com p’s.
380,000 F u n d ed d e b t ......... ........ 4,833,750
P e rm a n e n t in v estm ’ts .
33,538 In te re s t on funded d eb t
65,467
M aterials an d su p plies.
28,790 B ills p a y a b le ................
60,000
D u e by co’s. an d indiy’s
342,025 Wages an d su p p lies_
_
68,623
Com pan’s a n d individ’s
247,052
T o ta l.......................... $8,352,392

T o ta l............ .......... $8,352,392

Third Avenue (N. Y, City) Horse RR.
CFor the year ending June 30, 1894 )
From reports to the New York State Railroad Commisioners
the following has been compiled.
EA RN IN G S, E X P E N S E S AND CH ARGES.

1890-91.

1891-92.
$
1,741,072
1,184,304

1892-93.
$
1,657,538
1,153,895

1893-94.
$
1,777,971
1,040,258

521,081
J 97,285

556,268
25,934

503,643
93,800

737,713
20,772

T o ta l...................... 618,366
Deduct—
I n te re s t on b o n d s .... 175,000
G th e r in te re st, e t c ...
13,809
T a x e s ..........................
78,144
D iv id en d s................(12) 2 40,000

582,202

597,443

758,485

175,000
2,300
86,806
*240,000

175,000
2.300
68,004
t240,000

250,000
2,303
77,980
(6) 420,000

504,106
78,096

485,304
112,139

750,2 s3
8,202

G ro ss e a rn in g s.........1,710,406
G p e ra tin g ex p en ses. 1,189,325
N et e a r n in g s .....
G th e r in co m e............

T o ta l......................
S u rp lu s....... ...............

506,953
111,413

* Six p e r ce n t o n $2,000,000, fo u r p er cen t on $3,000,000.
f T hree p e r ce n t on $4,000,000, tw o p e r ce n t on $8,000,000.
J In clu d es p rem ium on bonds.
G E N E R A L BALANCE SH E E T J U N E 30, 1894.
Assets.
Liabilities.
G o st of ro a d ...... ..........$12,143,928 C apital sto c k ................ $7,000,000
Cost of e q u ip m e n t....
976,736 F unded d eb t.................. 5,000,000
C ity ra ilro a d b o n d s ...
15,000 I n te r ’t on funded debt,
G a s h on h a n d ................
154,323
due a n d a c c r u e d ....
125,000
■Open acc o u n ts............
1,370 Open a c c o u n t s ........
52,060
B ills p ay ab le & m orts.
846,000
S undries .......................
36,208
P rofit a n d loss (surp.).
232,092
T o ta l........................$13,291,360

T o ta l......... .............$13,291,360

For other reports seep a g es 374

a n d 376.

GENERAL INVESTM ENT

NEW S.

Alabama Great Southern.—The sale of the Alabama Great
•Southern and Cincinnati New Orleans & Texas Pacific stock
advertised for August 22 by the Central Trust Co., the trustee
under the Cincinnati Extension mortgage, was withdrawn at
the request of the majority interest and the application of
the minority for a decree of sale is now pending in the Circuit
■Court at Knoxville. At a meeting of the stockholders in Lon
don on the 9th inst. Messrs. Samuel Thomas, C. S. Brice and
«John Greenough originally elected directors as representing




371

the East Tennessee Virginia & Georgia RR. Co., the con
trolling interest, were removed and subsequently Messrs.
Henry F. Shoemaker, J. H. Taylor, Alfred Sully Eugene
Zimmerman, M. D. Woodford arid H. A. Taylor were elected
on the board, which was increased to eleven. The pew
names are identified with the Cincinnati Hamilton & Dayton
RR. Co. and represent the syndicate to which Baron
Erlanger sold a majority interest in the Cincinnati Extension
bonds. The control of the property, which is in receivers’
hands, will depend upon the outcome of the demand of the
American holders that the stock controlling the Alabama
Great Southern, now deposited with the Central Trust Com
pany, shall be sold. This was brought before the United
States Court at Knoxville two weeks aigo, and the Court then
said that the bondholders were entitled to a decree of sale,
and that it would give a hearing at its earliest convenience
to determine the particulars relating to the question.
Baltimore & Eastern Shore.—The last link in the consoli
dation of the properties of the Baltimore & Eastern Shore
Railroad Company, the Maryland Steamboat Company, the
Choptank Steamboat Company and the Eastern Shore Steam
boat Company was completed at Salisbury, Md., Aug. 29,
when Henry P. Scott, bought in at foreclosure sale the Balti
more & Eastern Shore Railroad. The price paid was the
nominal one fixed by order of Court in the decree of sale, as
the syndicate owned almost the entire issue of the old out
standing bonds issued by the railroad. The new company,
which has been incorporated under the laws of Maryland to
take over these properties, is known as the Baltimore Chesa
peake & Atlantic Railway Company, with capital a of
$2,500,000.
Long Island Traction.—Notice is published that the stock
transfer books of the Long Island Traction Company will close
at 12 o’clock on the 15th day of September for the purpose of
offeririg to the stockholders of record on that date the right
to subscribe to their pro rata amount of $2,500,000 of 6 per
cent collateral trust notes of the Long Island Traction Com
pany and the Brooklyn Heights Railroad Company at 85 per
cent of their par. The trar sfer books will reopen on the 2d
day of October, 1894. A circular giving full particulars as to
such notes and the amount each stockholder will be entitled
to take will be mailed to each stockholder of record immedi
ately on the closing of the transfer books.
The Brooklyn Eagle says of the notes to be issued: ‘’They
will bear interest at 6 per cent, be payable in gold, and will be
dated August 1, 1894. They will mature three years later.
At the option of the company they can be redeemed at any
time after a year from the date of issue. The security for
these notes is all the assignable interest in the lease of the
Traction Company, and that portion of the investment made
by the company in developing its lines which represents ex
penditures over and above the amount it received from the
Brooklyn City Railroad Company. The money thus spent by
the Traction Company is not less than $1,000,000, for which
amount it is credited by the City Railroad Company, the
accounts having been examined by an expert selected
at the request of Traction officials by the New York
Guaranty & Indemnity Company, which is the trustee for
the collateral trust notes. The lease specifically provides that
in case of its termination for any cause the City Railroad
Company must pay to the Traction Company the cash value
of all improvements, extensions, etc., paid for by the Traction
Company out of its own funds. Of the notes thus to be is
sued, $1,875,000 (face .value) has been sold to an underwriting
syndicate at 80. Two millions and a-half of the entire issue
will be offered to Traction stockholders at 85. The directors
and certain banking institutions have guaranteed to protect
the underwriters to the extent of $750,000 the banking insti
tutions to the extent of $500,000 and the directors to the ex
tent of $250,000. The directors and these institutions, how
ever, will take these notes at 85, the figure the stockholders
are called upon to pay for what they may take,”
Manhattan Elevated.—Judge Bischoff, in the Court of
Common Pleas, handed down a decision Friday allowing the
preliminary injunction granted some time ago against the
proposed addition of a third track to the Ninth Avenue ele
vated railroad to continue. Judge Bischoff held in his deci
sion that the affidavits made it clear that the covering of
eighteen feet now open between the two tracks will prevent
the passage of light and air that are due to the owners of
houses.
Mexican International.—A dispatch from Monclovia,
Mexico, August 29 said: “ President C. P. Huntington, of
the Mexican International Railroad, has ordered that the line
be immediately extended from this city to the Sierra Majedo
mining camp. Nearly all of the grade of this extension was
completed about two years ago, but work was suspended
owing to the financial depression. A branch of the road is
also being built from Reata to Monterey.”
Minneapolis & St. Lonis.—Messrs. August Belmont & Co ,\'s
Yermilye & Co. and J. Kennedy Tod & Co., managers of the
underwriting syndicate for the Olcott Committee of the
Minneapolis & St. Louis Railway Company stockholders’ re
organization committee have completed the subscriptions for
the entire $7,500,000 new bonds and stock provided for in the
amended plan of reorganization.
The circular issued to the stockholders recites that in view
of the sale of the property, announced for October 11, under
the decree foreclosing the improvement and equipment mort
gage, the following plan of reorganization has been adopted.

TH E CHRONICLE.;

872

—
.... - 1

'

1

----

[V ol. LIX:
11 ■
...... ■J'-.-a»

The committee are to buy in the property and form a new raise the balance required, amounting to about $1,400,000,
company which will be freed from all the obligations of the The New York, people think reorganization is an urgent
present company except the underlying 6 per cent and 7 per necessity, but they have not made up their minds just how it
cent mortgage bonds, the principal of which amounts to $4,- can be accomplished. The Reading Company has a floating
debt of $4,200,000 and some $3,750,000 receivers’ certificates out
718 000
The new company will issue $2,500.090 of first preferred 5 standing. There is due annually from $1,300,00 0 to $300,000
per cent cumulative stock, $1,000,000 of second preferred on car trust certificates for several years, the Poughkeepsie
stock and $5,000,000 of common stock, these two latter classes Bridge people are to be dealt with, and the general mortgage
being the same in amount as the preferred and common stock interest to be arranged. These are the prominent items for
of the existing company. The new company will also issue consideration of a Reading reorganization, and the
$10,000,000 of first consolidated mortgage 5 per cent 40-year problem is to get the cash to satisfy them. Ona interesting
gold bonds, secured by mortgage upon all the property of the feature of the day’s developments was the evident strength of
company, whatsoever, for use in connection with the existing ex-Postmaster-General John Wanamaker in connection with
lines (but not including extensions or branches hereafter ( reports that coupled his name with the incoming presidency
constructed), and subject only to the existing underlying of the Reading.” * * * *
Cq this report the Letter remarks: “ With regard to nomi
mortgages of $4,718,000. Of the new issue there shall be re
served for the retirement of these underlying_ bonds $4,718,- nating Mr. Wanamaker for the presidency of the Reading
000, leaving in the hands of the committee $5,282,000 to be Company, it is not expected by New York parties that the
used in payment of the purchase of the property at the fore move will ever amount to more than talk, as Mr. Wanaclosure sale,to acquire other outstanding underlying bonds, to maker’s knowledge of railroad affairs is very lim ited/’
Concerning Mr. Wanamaker this language should have
pay interest, etc.
The said bonds not being equal to all the necessities of the been much stronger, and it might have been said that nothing
reorganization, an assessment of $25 per share will be levied could prejudice a reorganization plan more decidedly in New
upon the present preferred and common stock and the $2,- York and London than the association with it of Mr. W-ana500,000 of new first preferred stock shall be issued therefor, maker’s name. He was one of the parties closely identified
and shall be entitled to dividends of 5 per cent per annum, with the McLeod management, and next to McLeod himself
cumulative and subject to retirement at par and accrued divi is supposed to have been as much responsible for the notable
dends upon due notice. The new second preferred and com proceedings of that period as any manager then on the board.
—The statement of earnings for July and for the eight
mon stock shall be entitled to non-cumulative dividends of 5
per cent and any net earnings in any year after said pay months of the fiscal year beginning with December 1, com
ments shall be applied to dividends on the second preferred pared with the same periods in the previous year, is shown
below :
and common stock without discrimination.
,---------- J u ly .---------- „ /—-Dec. 1 to J u ly 31.— >
Certificates of deposit of stock on which the assessment
1893-94.
1892-93.
1894.
shall be paid in full shall be stamped so as to indicate that the R a i l r o a d C o m p a n y - 1893.
$
¥
¥
¥
holder will be entitled to one share of new second preferred G ross re c e ip ts................. 1,867,378 1 779,014 14,910,681 12,841.1)78
stock or one share of new common stock, as the case may be, O perating ex p en ses....... 1,082,067
7,397,671
986,001 9,298,588
for each share of the preferred or common stock represented
N e rn in g
by the certificate, and also to one share of new first preferred O theret e tareceips............ 785,311 793,013 5,612,093 5,443,407
373,020
60,179
436,500
90,395
n
ts . . . . .
stock, when issued, for every $100 of assessment paid.
6,048,593 5,316,127
853,192
T o ta l.......................... 875,706
Under this plan the fixed charges of the new company
Deduct—
will be:
118,580
1,173,242
836,733
E quipm ent p a y m e n ts .. 166,679
On $3,336,000 u n d erly in g 7 per c e n t b o n d s................................ $233.520
On $1,382,000 P acific D ivision b o n d s............—........... ................ 82,920
On $5,282,000 1 st consol. 5 p e r ce n t m ortgage bonds................ 264,100
T otal fixed c h a r g e s . . . . . . . . . . . ............ . J . .....................«¡,---.¥580,540

Thé net revenues of the property after payment of expenses,
taxes and rentals, as shown by the receiver’s report, have
been :
Y ear ending J u n e 3 0 ,1 8 9 2 ....... ................... ....................... ...........$863,138
“
•*
«
*
18 9 3 ...................... ......................................... 782,619
“
“
“
1 8 9 4 ........... ........... ...................................... 749,962

During the past three years the surplus earnings have been
sufficient each year to pay considerably more than the 5 per
cent dividends on the proposed issue of first preferred stock.
The company will under the plan have ample working capi
tal, and its railways and equipment are now in excellent
condition.
The guarantee syndicate will purchase outright $5,000,000
of the new 40-year 5 per cent bonds, and will pay the assess
ment and take' the place of non-assenting stockholders. The
formal call for the deposit of stock under the plan will be
made next week. The assessment, it is said, will be payable
in three instalments.
Peoria Decatur & Evansville.—Louisville Evansville &
St. Louis.—Below will be found the May and June gross and
net earnings of thesë two roads. The loss in gross is of
coursejdue to business depression and the labor troubles, and is
common to the whole railroad system of the country. As
regards the expenses these are larger than they would I»
under other circumstances because of the action of the
receiver in making heavy expenditures for improvements and
betterments, so as to place the roads in first-class condition.
L O U ISV IL L E EV A N SV ILLE & ST. LO U IS.

,--------- May.— ——
^
1893.
1894.
$
$
G ross earn in g s......... ........1 3 8 ,2 1 7
108,941
O p eratin g e x p e n s e s.........1 0 8 ,9 4 9
95,546
N et e a r n i n g s . . . . . . . . . . . . 29,268

13,395

,—-— J u n e .-------- ,
1893.
1894.
$
$
130,978
99.99Ì4
93,571
90,341
37,407

9,653

PEORIA DECATUR & EVANSVILLE.

,----------May.---------- .
1893.
1894.
$
$
G ross e a r n i n g s ....,........... . 73,745
63,077
O perating ex p en ses.......... 46,162
54,188
N et e arn in g s....... ........... 27,583

8,889

,-------- Ju n e.-------- .
1893.
1894..
$
$
73,932
59,289
36,417
52,144
37,515

7,145

Philadelphia & Reading.—The information as to any
positive agreement about Reading reorganization is yet indefi
nite. On Thursday the Wall Street Letter said in its Phila
delphia dispatch: “ The result of yesterday’s conference be
tween representatives of the Olcott Committee and the
Reading Receivers was satisfactory, and the latter assured the
former of their hearty co-operation. The committee did not
submit a regularly drawn up plan, but certain sug
gestions were made which will probably be adopted
at a meeting of the Philadelphia and Olcott committees in New
York, when a final revision of the plan will be made.
The Philadelphia Committee announced that it had
raised $8,100,000 toward funding the general mortgage
coupons for five years and had been offered considerably
more, but recognized the claim of the O.cott committee to




T erm inal tra c k a g e ........
Im p ro v em en ts...............
P ro p o rt’n y e a r’s ch’ges.

50,000
1,941
718,679

50,000

705,000

200,000
9,565
5,749,430

400.000
111,345
5,635,000

7,132,237 7,033,078
873,580
T o ta l.......................... 937,299
1,083,644
1,216,651
61,593
20,388
B alance, deficit..............
Co a l & I r o n C o . . . .
G ross re c e ip ts................ 1,640,402 1,639,875 14,703,753 14.145,023
O perating e x p e n s e s ,... 1,490,249 1,422,762 14,060,839 13,653,548
N et earn in g s............
Deduct—
Colliery im provem ents.
P erm an ’t im provem ’ts.
P ro p o rt’n y e a r’s ch’rges

150,153

217,113

617,914

486,477

53,766
4,362
108,321

65,616
1,170
122,209

456,977
46,359
866,564

356,794
17,932
936,008

1,310,731
1,370,400
166.44 )
189,025
* T o ta l...................
B a la n c e .......................... def. 16,296 sr. 28,083 def.722,486 def.824,257
P . & K. a n d C. & I. Co.—
B alance of C. & I. Co.. .df.16,296 sr. 28,088 def.72 2,488 def.324,257
1,083,644
1,216,651
61,593
20,338
D eficit of R ailro ad Co..
B ai. b o th com D anies.def.77.889 sur. 7,700 df. 1,806,130 df.2,040,908

Southern Railway.—Notice is given that a general meeting
of the stockholders of this company will be held at the office
of the company in Richmond on the 2d day of October. There
will be submitted to the,stockholders for th “ir approval a pro
posed mortgage or deed of trust by the Southern Railway
Company to the Central Trust Company of New York as
trustee, upon and covering the railroads and franchises of the
company, to secure an issue of bonds in the aggregate principal
sum of $120,000,000, payable July 1, 1994, in gold coin of; the
United States, with interest at the rate of 5 per cent per an
num, payable semi-annually; and also to authorize the execu
tion and delivery of a mortgage or deed of trust upon parts of
the railroads and properties of the former East Tennessee Vir
ginia & Georgia Railway Company to secure bonds for the
principal sum of $4,500,000 payable Sept. 1, 1938, bearing in
terest at a rate not exceeding 5 per cent per annum, principal
and interest payable in gold coin, which last-mentioned bonds
are to be issued and delivered in lieu of the equipment and
improvement bonds thereon secured by a- mortgage heretofore
foreclosed.
Union Pacific Denver & Gulf.—Receiver Trumbull of this
road has, asked pernaission of the United Slates Court
to abrogate the trackage contract with the Denver
& Rio Grande between Pueblo and Trinidad, which re
quires the payment of $180,000 per annum, and permission is
asked to make a new contract with another company.
Washington & Columbia River.—A press dispatch from
Tacoma, August 26, said: “ Judge Henford yesterday ap
pointed President W, T. Tyler receiver for the Washington &
Columbia River Railroad in the United States District Court.
This is the second time in the last three years the road has
been in a receiver’s hands. It comprises 250 miles of track,
centering at Walla Walla.”
W inona & Southwestern.—The sale of this road is adver
tised for September 8 at Winona, Minn. The sale is pursuant
to a decree dated March 13 for the foreclosure of tbe first
mortgage, under which bonds have been issued to the amount
of $1,937,000. It is reported that a postponement of the sale
will be applied for by the majority interest in the bonds.
For other item s o f In vestm en t N ew s see page 360*

Septem ber

1, 1894.1

THE

373

CHRONICLE.

H le p c r r ts a n d Z l t r a n u e u t s .
COLORADO FUEL & IRON CO M PANY.
REPORT FOR THE YEAR ENDING JUNE 30, 1894.
To thè Stockholders of the Colorado Fuel & Iron Company.
I submit herewith a report of the business of your Company
for the year ending June 30, 1894.
During the fiscal year the ability of the Company to earn its
fixed charges has been put to a most severe test—nearly every
possible unfavorable condition has been encountered; such a
combination as it seems reasonable to suppose will not occur
again. Not only have the operations of the Company been af
fected by the general business depression that has been preva
lent throughout the country and the greater depression in the
silver-mining and smelting industry, but it has also suffered
seriously by reason of. the mild winter of 1893-4, one of the
mildest in the West for years, and finally by reason of a three
months’ strike at all of the Company’s coal mines. Not
withstanding all these drawbacks, the Company has earned
all of its fixed charges, including Bond interest, Taxes and
Sinking Funds, and a surplus of $126,842 14.
EARNINGS AND EX PEN SES.

The first annual report of the Company covered the period
from the consolidation, November 1, 1892, to June 30, 1893,
eight months. For the purpose of comparison with tie cur
rent year’s business'the earnings of the consolidated Com
panies for the four months preceding the consolidation have
been added and comparisons are made for the corresponding
periods, viz.: twelve months ending June 30th, 1893, and
tweve moths ending June 39, 1894.
The net earnings carried to income account for the current
year are $582,109 41, a decrease from the preceding year of
$402,422 47, or 42 per cent. This decrease was divided as fol
lows:
F u e l d e p a rtm e n t....... ....................................... ............................. $368,806 30
59,232 06
I r o a d e p a rtm e n t ................... . ........... . ...............................
D en v er re ta il d e p a rtm e n t..
.............- .................... ............ _ 9 ,3 5 t 78
M iscllaneous earn in g s ............................ ............. $14,046 22 increase .
7,325 47
E arn in g s from s e c u r i t i e s . . . . . . . . . ..................-i................... .

showing of the current year’s business to charge it with this
shrinkage. Therefore, when the steel works commenced
operations in March, 1894, the stocks of supplies were taken
up at current market prices and the manufactured stocks
carried forward from last year and on hand June 30th, 1894,
were reduced to the average co3 t of production during the
current year.
Tne surplus income carried forward June 30th, 1894 is
$78,046 71.
D IV ID EN D S.

The preferred stock dividend of four per cent for the six
months ending December 31st, 1893, was paid in scrip Feb
ruary 1st, 1894. The preferred stock dividend of four per
cent for the six months ending June 30th, 1894, was not
earned, the shortage amounting to about $34,000. A pay
ment of $177 50 was made on account of the common stock
dividend of May 15th, 1898. This payment was on 142 shares
of stock omitted at the time the dividend was declared.
INVESTM ENTS.

Real E state—"So purchases of coal or iron lands were made
during the year. There were some minor expenditures on
account of prospecting, clearing up titles, &c., and some re
ceipts on account of prospecting material, &c , sold, the net
result being a credit of $663 35. There was expended on ac
count of incumbrances on real estate $20,782 51, as follows:
G rand R iver Coal & Coke Co. b o nds p u rch ase d fo r sinking
f u n d .. . . ....... ..................... ............................. ................................ $8»000 00
In cu m b ran ce on D enver F u el Co. lan d s, fin al p a y m e n t......1 1 ,7 8 2 51
In cu m b ran ce on W eld C ounty lan d s, u n d e r c o n tra c t w ith
M itchell Coal & L an d Co....... ....................................... ............... 1,000 0 0

Real estate account was also charged $70,708 22 to correct
errors in the distribution of accounts at the time of opening
the books November 1, 1892; $26,360 44 was deducted from
earnings on account of coal and iron ore mined and credited
to reál estate account, the net result being an increase in real
estate account of $64,484 94.
Equipment Accounts—
The expenditures On account of equip
ment during the year were as follows :
F uel d e p a rtm e n t....... ...................... ........................................
Iro n d e p a rtm e n t....... ......................................................................... 29,851 81
M iscellaneous e q u ip m e n t......... . ........... .........................5,219 9o
D educt sinking funds ch arged a g a in st earnings a n d cred ited $ 3 2,138 09
to equipm ent a c c o u n ts ................................................. - ......... 47,4.28 12

T o ta l..................... ............................ . . . . . ___ ........................... .$4 2 8 ,6 7 2 39
G en eral m anagem ent, an d o th e r ex p en ses—
D e c r e a s e .............................................................. ..............
$26,249 92

L eaving th e n e t e x p e n d itu re ....... . ......................................... ....$ 3 4 ,7 0 9 97

N e t d e c re a s e ................................................................... ........— $402,422 47

F u el d e p a r tm e n t............ ............................................... ............$ 2 1 ,2 1 7 67
................................ 52,083 34
Iro n d e p a r tm e n t..................................... .

The tonnage statements show a decrease of 1,037,547 tons of
coal and coke produced, or 42 per cent. As nearly as can be
estimated, this reduction can be accounted fo r—
O n acco u n t of m in ers’ s tr ik e ....... ........................................ ........ 6 p e r c e n t.
F a llin g off in com m ercialhusiness by reaso n of m ild w inter. 5 p er cent.
“
D ep ressio n in silver-m ining an d sm elting in d u s tr y .............. 12
L eav in g to be acco u nted fo r by th e general business depres
s i o n . . . . . . .......................... ......... -............................................... -19 p e r c e n t.

Of course no exact figures can be obtained and the fore
going are given as merely approximate.
In the Iren Department, notwithstanding the unfavor
able conditions, the showing under all circumstances is very
gratifying, and strengthens the confidence heretofore ex
pressed in the future of that branch of the Company’s
business.
Competition has been very keen and prices greatly reduced;
the Company has not been in a position to make many of the
needed improvements contemplated when the consolidation
was effected and the financial stringency has made it neces
sary to carry very light stocks of supplies and manufactured
matèrial which has made it difficult to operate the various
departments to the be3t advantage. The blast furnaces and
rail mill were idle for nearly nine months of the year, one
furnace was started February 8th, 1894, and the second May
19th, 1894. The converting works and rail mill did not begin
operations until March 15th, 1894, and, owing to a shortage of
pig iron, have only been operated part of the time since that
date. The pipe mill has been idle throughout the year. Dur
ing the few months that the blast furnaces and rail mill have
been in operation the results in increased production and de
creased costs have been quite remarkable and reflect great
credit on the General Manager, Superintendent of the Depart
ment and his assistants,

Equipment accounts were farther increased by transfers
from other accounts, viz.:

M iscellaneous c r e d it.....................

........... .

$73,301 01
203 31
$73,097 70

The fuel department expenditures were maiulv for the com
pletion of the new anthracite mine at Rubv ; the Denver &
Rio Grande Railway Company constructed a branch line
eleven miles long to reach this mine, and as the- C. F. & I,
Company had agreed in writing to open and equip the mine
within a definite time, the work which was commenced last
year had to be completed. The other large expenditures were
for completing the equipment of a new shaft at N ew castle
mine, and equipment previously contracted for the new poal
basin mine ; work on this mine and ovens has be8n entirely
discontinued.
The expenditures in the iron department have been princi
pally for machinery contracted for prior to the financial
stringency, but delivered and paid for during the current
year. With these exceptions a very small amount has been
expended in this department.
BONDED IN D E B T E D N E S S .

During the year the bonded indebtedness of the company
has been reduced $33,000 by the purchase of thirty-three Colo
rado Coal & Iron Company bonds for the Sinkiag Fund.
G EN ER A L MORTGAGE BONDS.

No portion of the $6,000,000 General Mortgage Bonds has
been disposed of. Under the terms of the mortgage the com
pany now has $1,939,000 of these binds, which id can sell
when conditions are favorable for s >d )iug. Negotiations are
pending which may result in a sale of these bonds, but it has
not been thought advisable to offer the bonds at a low price in
INCOME ACCOUNT.
order to effect a sale.
The loans on general mortgage bonds have been reduced
The charges against the net earnings on account of bond inter
est, taxes, etc., amount to $381,301 21, leaving a surplus of during the year $93,352 20, and now amount to $996,847 80.
$200,8.8 20, which has been disposed of as follows :
FIN A N C IA L CONDITION.
P re fe rre d stock div. fo r 6 m os endiugD eo. 3 ls t, 1893 . . . . $80,000 00
The cash liabilities of the Company have been reduced d u r
O n a c c o u n to f com m on stocK dividend of M ay 1 5 ,1 8 0 3 —
177 50
Sinking fu n d s fo r coal an d iro n m in e d ................... ...........— . 73,783 56 ing the year $101,770 38, and are now in a normal condition,
being principally current accounts, which will bs met, as they
T o ta l.............. ............................................................... .............. $153,966 06 mature, from the collection of accounts due the Com
L eav in g n e t su rp lu s o f ....................... ................................
$46,842 14 pany.
The cash and convertible assets amount to $2,097,035 09, or
The surplus income June 3)th, 1891, was $157,318 69. This
amount has been reduced by a charge against it of $126,114 12 $1,345,729 42 in excess of the cash liabilities. All doubtful ac
for shrinkage in value of Iron Department supplies and m anu counts have been charged off, and the stocks of materials and
factured stocks on hand June 30, 1893, Tnese stocks were supplies have been inventoried at what it would cost to re
carried forward at cost, but owing to the great shrinkage in place them June 30th, 1894.
A sale of general mortgage bonds which would enable the
values in all departments of the iron business and economies
effected in cost of production, they could have been replaced Company to pay off its bills payable and lxanson bonis would
a t much lower figures. It did not seem just to a proper place the company in excellent financial con lition, and would




374

THE

CHRONICLE.

enable it to resume the payment of dividends on prefe red
stock in cash.

SOUTHERN

COAL M IN ERS’ STR IK E.

On April 21st a strike was inaugurated throughout the East'
ern Mining States for the purpose of restoring wages, which
had been reduced on account of the financial stringency. As
no reduction had been made in the wages of Colorado miners,
it was not supposed that they would join the movement, and
at the start only a few miners went out, bût finally by persua sion and intimidation all of Our miners struck except at three
mines, which we succeeded in keeping in operation, though
with reduced force and at great disadvantage. The miners
presented no grievances, and struck purely out of sympathy
with the Eastern miners. This condition of affairs
continued until the first of July, when the men began
to return to work, and at the present time all of our mines are
in operation, and the strike has been officially declared off by
the Miners’ union.
The net earnings for the month of April were $76,502 65,
and but for the strike referred to the conditions were favor
able for as large earnings during the months of May and June.
On account of the strike the earnings for those two months
were only $99,216 90, so that it is reasonable to estimate that
the loss of profits on account of the strike was not less than
$53,000. This does not include the actual expense of resisting
the strike, such as cost of guards to protect the Company’s
property and employees and care of the mines while idle.
This expense will be charged to strike fund, which is pro
vided for by a tonnage charge on all coal mined.
The strike was concluded without making ahy concessions
to the miners, and the men who were active in threatening
and intimidating those who wished to work have been refused
employment at the Company’s mines. It is probable, judging
from past experience, that the Company will have immunity
from another such general strike for a long time to come.
The mine superintendents and many of the employees re
mained loyal.to the Company and did very effective service in
protecting the property and bringing about a favorable result
to the strike. The General Superintendent of mines displayed
great coolness and nerve in preventing the mobs of strikers (at
times numbering over two thousand men) from destroying
property or stopping the operation of the mines at Sopris,
Berwind and Rouse, and it is mainly due to his good judg
ment and the hearty co-operation of the superintendents of
those mines that they were kept in partial operation through
out the sir ike.
FU TU R E PROSPECTS.

It seems reasonable to suppose that the conditions for the
coming year can not be more unfavorable than during the
past year, and that in many directions an improvement can
be looked for. At a conservative estimate the strike of coal
miners resulted in a loss of profits during May and June of
$53,000. As explained elsewhere, it is not probable that the
Company will have to again contend with a general
strike for many years. In the Fuel Department the
volume of business will probably be increased, as the
Company has already secured some large railroad contracts
that it did not have last year, and there is quite an increase
in the demand for coke. The Company’s mines are in excel
lent condition, and costs of production should at least be as low
as last year. In some directions prices were seriously cut
last year, principally on the lines of railroads in the hands of
receivers. There does not seem to be room for any further
reductions in those localities, and arrangements have already
been made for a restoration and maintenance of prices in
some of the most important markets we reach.
The prospects of the Iron Department are particularly grati
fying. The inquiries for steel rail and the necessities for re
newals of roads now in the hands of receivers, and therefore
in a position to make purchases, make it probable that the rail
mill can be kept in profitable operation most of the year.
There has been a steady increase in the demand for merchant
iron and steel and all other products of the works at Besse
mer, and prices which were very much demoralized during
the past year have now been restored to a basis that prom
ises a reasonable profit.
By order of the Board of Directors.
J. C. OSGOOD, President.
Denver , C olorado , A u gust 15, 1894.

Adirondack Railroad.
(For the year ending June 30,1894. J
The following has been compiled for the Chronicle :
1891-92.
G ross earn in g s......... ........... $161,786
O p eratin g expenses ...........
118,102
N et e a r n in g s ........... ...........
O th er in co m e............
T o ta l................
Deduct—
I n te re s t on b o n d s................
T a x e s .......................... .............

$ ............
5,411

T o ta l................... ..........
$5,411
B a l a n c e . . . . . . ........... . «....... sur.? 38,273




1893-94.
$165,235
125,391

$51,752
3,815

$39,844
6,808

$55,567

$43,684

1892-93.
$175,309
123,557

$46,652

$42,556
5,952

$45,000
6,859

$48,508
su r .8 7,0 59

$51,859
def. $5,207

[VOL. LIX.

PACIFIC RAILROAD
CALIFORNIA.

OF

ANNUAL REPORT FOR THE YEAR ENDING DECEM
BER 81, 1893.
Mr . C. P. H untington ,

N ew Y ork , June 30th, 1894.

President Southern Pacific Co.
Sir :—As requested, I submit herewith report showing the

property owned and the financial condition of the Southern
Pacific Railroad Company of California, a constituent Com
pany of the Southern Pacific Company, for the year ending
December 31st, 1893.
M ILES O F ROAD OWNED.

The miles of road owned at the close of the year consisted
of the following lines:
I.

San F rancisco to T rès PI QOS........................ .........
A lcade to M o ja v e .....................................................
M ojave to N eedles.........................................
M ojave to Y u m a ....................
C a rn a d e ro to San M iguel........................................
Los A ngeles to S an P e d ro ............................... ........
I I . S an M iguel to S an ta M a rg a rita .............. ...............
Elw ood to S au g u s......................................................
I II . Stockton to M ilto n ...................................................
IV. H illsdale to New A lm aden.............................. .
P ajaro to S an ta C r u z ........................................
A p to s to M onte V ista ....................
C astro ville to L ake M a je ila .................................
N ear M artinez to A rm ona......................................
A von to San R a m o n ....... ....................... .............. ..
O akdale to M e rc e d ...............
F resno to P o s o ...........................
B é re n d a to R a y m o n d ....... .......................................
F lorence to S an ta A na . . . ..... ............ .
C lem ent J u n c tio n to S an ta M onica . . . . . . . . . . . . .
S tudebaker to W h ittier............ ........... ..................
Long B each to T h e n a rd .. . . .............
P e te rs to O a k d a le ..........................
M iraflores to T u sc a n ..............................
B a d e n to S a n B ru .n o ....................
S a n ta M o n ic a to N è w W h a rf................................_
O ntario to C hino.....................................................
D eclez to D eclezville..................
R edlands Ju n c tio n to C rafto n ................................
Collis to F r e s n o . . . . . .
F resno to P o lla sk y ...................................................
B akersfield to A sphalto...........................................
Soldiers’ H om e B ranch .........................
Shorbs to M onrovia...................................
B u rb an k to C hatsw orth P a r k ....... .......................

100-50
201-39
*242-51
349-75
124-30
24-24— 1,042-68
28-80
91-50— 120-30
30-00—
30*00
7-80
21-20
7-44
19-52
193-48
19-70
40-60
104-26
21-00
27 6 0
16-27
5 90
3-80
19-00
’
10-80
3-67
3-20

L eased : San B e rn ard in o to M otor J u n c tio n .. .
T o ta i............ ........................................................ >
Sidings............ ............. ................................... .........

5-70

2-55
7-00
15- 39
23-70
47-90
1-80
10-40
2 1 -3 0 -

660 98
1,853-96
7-17

1,861-13
366-94
2,228-07

*The line b etw een M ojave, Cal., an d . th e Needles, 242-51 m iles in
length, is leased, and c o n tra c t delivered for its sale, to th e A tlan tic &
Pacific R ailroad Com pany, th a t C om pany p ay in g as r e n ta l an am ount,
equal to th e in te re s t on th e bonds w hich w ere isssued in r e sp e c to f said
line. This r e n ta l am ounts to th e an n u al sum of $436,2«, a n d is tre a te d
as re n ta l received fo r account of S outhern P acific R ailro ad of Califor
n ia in th e accounting b etw een i t an d th e S outhern PaciOc Com pany.
CA PITA L STOCK.

The capital stock outstanding at the close of the year, con
sisted of 678,959 shares, of $100 each, amounting to $67,895,900 ; of which $65,114,950 is owned by the Southern Pacific
Company.
FU N D E D DEBT.

The bonded debt outstanding at the close of the year con
sisted o f :
F irs t m ort. six p e r cen t bonds of 1875,
due A pril 1st, 1905 ............................... $17,857,500 00
F irs t m ort. six p e r ce n t bonds of 1875,
due O ctober 1 st, 1 9 0 6 .......................... 8,193,000 00
F irst m ort. six p e r cen t bonds of 1875,
due A pril 1st, 1 9 1 2 ................................ 5,243,000 00
--------------------- $31,293,500 0 0
issued a g a in st th e m ileage show n
u n d er D ivision I.
F irs t m ort. six p e r ce n t South. Pacific
B ran ch bonds due April 1st, 1937...............................
3,578,000 0 0
issued ag ain st th e m ileage show n
f
u n d e r Division II.
F irs t m ort. five p e r ce n t bonds due
Ja n . 1st, 1905, of th e S tockton &
C opperopolis R R ...............................
500,000 0 0
issued a g ain st th e m ileage show n
u n d e r D ivision III.
F irs t m ort. five p e r cen t bonds of 1883
due O ctober, 1938 .......................... .
12,932,000 00
F irst m ort. five p er ce n t bonds of 1893
d u e N ovem ber, 1 9 3 7 ............................ 2,491,000 00
■
--------------------15,123,000 0 0
issued ag ain st th e m ileage show n
— --------- --------u n d e r D ivision IV.
T o t a l .............. . .................... . . ............................... $50,794,500 0 0
BONDS OF 1893 ISSUED IN EX CH A N G E F O R BONDS O F 1888.
B onds 0 I 888 . B onds o f 1893
/
O u tsta n d in g D ecem ber 31st, 1893
$12,832,<>00 00
$2,491,000 OO
E xchanged since D ecem ber 31st, 1893 10,293,000 00
10,293,000 00
Still rem ain in g to be ex c h a n g e d .........

2,639,000 00 $12,784,000 00

The first mortgage gold bonds of 1893 are also a lien upon
all the Company’s lines of railroad and land grants, and are
subject only to the lien of outstanding bonds of the other

TH E

S eptember 1, 1894.]

CHK0N1CLE,

classes above mentioned, for exchange against which, dollar
for dollar, sufficient bonds of 1898 have been reserved ; so that
the bonds of 1898 will finally replace all other outstanding
bonds of the Company except such as shall have been thereto
fore redeemed and canceled from the proceeds of land sales or
sinking funds, or from the proceeds of the sale of the Mojave
Branch.
EARNINGS AND E X PE N S E S .

The Company’s lines of railroad are operated by the Southern
Pacific Company under a lease for ninety-nine years. The
lessee, under said lease, agrees to pay the operating expenses,
taxes and the interest on the bonded indebtedness; and to pay
over to the lessor, at the end of each year, 44 per cent of the
net profits which remain from the operation of the following
railroads, leased by the same instrument to the Southern
Pacific Company, viz.:
Southern Pacific Railroad of California.
Southern Pacific Railroad of New Mexico.
Southern Pacific Railroad of Arizona.
Louisiana Western Railroad.
Morgan’s Louisiana & Texas RR. & SS. Co. properties.
This Company’s proportion of the net profits under the
above lease for the year ending December 31, 1893, amounted
to $1,164,740 65.
The earnings and expenses of the properties of the Southern
Pacific Railroad of California leased to the Southern Pacific
Company, for the year ending December 31,1893, have been
as follows:
Itcccfi/ots»
G ross e a rn in g s...................................... ..................... . . . . . . . $10,669,222 56
In te re s t collected on open a c c o u n ts...................................
41,072 19
R e n ta l fro m A tlan tic & P acific, fo r ro a d from M ojave
to th e N eed les........................................................................
436,266 00
M iscellaneous r e n ta ls .............., ...........................................—
189 37

T o ta l......................................... .......................................... . $11,146,750 12
O p e ra tin g ex p en ses.................................................................
6,066,120 19
R eceip ts over o p eratin g e x p e n s e s............................... $5,080,629 93
Other Charges a n d E xpenditures.
T a x e s......... ................... . . . . . . . . . . . . . . . . . . . . . $290,913 28
I n te re s t on bonded d eb t ...................
2,814,374 67
R e n ta ls fo r leased ro a d s ......... .............. .......
26,833 35
R e n ta ls fo r te rm in a l facilitie s in San
F ra n cisco an d o th er places . . . . . . . . . . .
50,297 22
3,182,418 52

T otal.

S urplus from o p eratio n s.......................... .............................. $1,898,211 41
NO. 1. ASSETS AND L IA B IL IT IE S .

The assets cor sist o f :
Cost of ro ad an d fran ch ises (excluding lan d g r a n t) ....$125,879,642 43
E x p e n d e d fo r b e tte rm e n ts a n d additions from M arch
1 ,1 8 8 5 to D ecem ber 3 1 ,1 8 9 3 ....... ................................
2,982,974 03
$128,862,616 46
T o ta l.
C ash on h a n d ................................................ $297,578 62
92,000 00
S . P . R R . of Cal. 5 p e r ce n t bonds of 1893.
D ue from S outhern Pacific Co. on open
189,959
acco u n t........ .............................................
^-89,959 29
500 00
B ills recei v a b le .............. .............. .................
N otes fo r p rin cip al of d eferred p ay m en ts
o n la n d s o ld ................... -- ..................... 3,748,615 32
Com pany’s sin k in g fu n d , as p e r s ta te 
m e n t No. 4 ......... ....................................
954,304 85
538,791 09
L a n d g ra n t sinking fu n d , u n a p p lied .......
U n ad ju sted ac c o u n ts...........-....................
88 86
5,821,838 03
T o ta l............................................... ..................................... $134,684,454 49
T h e lia b ilitie s c o n s is t o f :
C ap ital sto c k ...................... ................................. ................... $67,895,900 00
S. P . RR . Co. 1 st m o rt. six p e r cen t
bo n d s of 1875, due A pril 1 ,1 9 0 5 . — $17,857,500 00
8. P. RR. Co. 1 st m ort. bonds o f 1875,
due Oct. 1 ,1 9 0 6 ......... ......................... 8,193,000 00
S. P . RR. Co. 1 st m ort. bonds of 1875,
due A pril 1 ,1 9 1 2 ................ .................. 5,243,000 00
S o u th ern P acific B ra n c h R ailw ay 1st
m o rt. six p e r cen t bonds .................... 3,578,000 00
S tockton & Copperopolis R ailroad 1 st
500,000 00
m ort. five p e r cen t b o n d s.....................
S. P. RR. Co. 1 st m o rt. five p e r cen t
bon d s of 18 8 8....... ......... ......................... 12,932,000 00
S. P. R R . Co. 1 st m ort. five p e r cen t
bonds of 18 9 3 ............................................ 2,491,000 00 50,794,500 00
A ccounts
U nclaim ed dividends.
D ue C om pany’s sinking f u n d ...................
D ue T ru stees of L and G ra n t M ortgage.
U n ad ju sted acc o u n ts...............................

$14,144
82,996
272,504
538,791
8,215

95
50
85
09
51

916,652 90

T o ta l.. . . : ..................... ................................................ . .$119.607,052 90
B alance, assets o v er liab ilitie s an d ca p ita l sto c k ........... $15,077,401 59

Since the close of the year the amount due the Company’s
sinking fund has been invested in $180,000, face value, first
mortgage six per cent bonds of the Central Texas & North
western Railroad Co., and $111,000, face value, of the first
mortgage five per cent bonds of the Galveston Harrisburg &
San Antonio Railway Co. The amount due Trustees of Land
Grant Mortgage has also been reduced by the sum of $279,770
for the price of $258,000, face value, of six per cent bonds of
the mortgage of April 1, 1875, purchased and canceled. The
balance of land funds is secured by collateral.
No. 2. P R O F IT AND LOS8.

This account stands as follows:
Or.
N et pro fits from operation u n d e r lease to South’n Pacific
C om pany fo r th e v ear ending Dec. 3 1 ,1 8 9 3 ................... $1,164,740 65
P ro ceed s from sale of g ran ted lands, as p er sta te m ’t No.3 1,467,102 67
I n te re s t on b onds ow ned b y C om pany’s sinking fu n d .. . .
36,720 00
T o t a l . . . . . . . . . . . . .............................................. ................... $2,668,563 52




B rought fo rw a rd
............................ .......................... . . . .
Dr.
E x p en ses an d ta x e s fo r ac’c t of la n d g ra n t. $79,830 24
Incom e applicable to redem ption of six p er
cen t bonds of 187 5 .............. -;.u........... ¿ .....1 ,4 6 7 ,1 0 2 87
Incom e from in v estm en ts ow ned by Com
p a n y ’s sinking f u n d .. . . . . . .¿ . . . . . . . . . . . .11.' 3 6 ,7 2 0 0 0
A nnual p ay m en t to Com pany’s sink’g fund. 100,000 00

375
§ 2,668,563 'jur>

T o ta l................................................... ............. 7 7 . . ............. $1,683,653 11
B alance, su rp lu s fo r th e y e a r .......... ............
--------------B alance, su rp lu s Ja n . 1, 1893....... ........ ^
A d ju stm en t of accounts fo r p revious y e a r s . . . . . . . . . . . . . . .

$984,910 41
2,785,157 73
25,567 19

T o t a l . . . . . . . . . . . . ....... .............................. .
$3,795,635 33
T hree p er ce n t dividend on ca p ita l stock
of 8. P. RR. Co. of Cal., viz :
P aid 8. P. Co. in resp ec t of 651,14913
s h a re s .... .....................
................... $1,953,448 50
P ay ab le to o th ers in re sp e c t of 27,665
82,996 50
s h a re s ........................ ............................ .
T o ta l...................... .................... ............................... .

2,036,445 00

S urplus, D ecem ber 3 1 , 1 8 9 3 . . , . . . , . ............
$1,759,190 33
No. 3. INCOME FROM LAND SALES.
(For red em n tio n of 8 ix P. C. B onds u n d e r Mort. of A pril 1 ,1 8 7 5 .)
T otal am o u n t of sales d u rin g y ear, cash a n d d eferred
p ay m en ts .......................- ___ . . . . ................................ ...$ 1 ,4 0 5 ,5 0 4 87
In te re s t collected on n o tes re p re se n tin g d eferred paym en ts on p rio r s a le s_______ : . . ................. ........................
69,957 92
T otal ................................... ............ . . . . . ............. $1,475,462 79
L ess prem ium paid on bonds red eem ed ----- . . . . .
8,359 92
B alance fo r th e y e a r ......... ....................... .
$1,467,102 87
B alance J a n u a ry 1st, 1 8 9 3 ..,...................— . . . . . . . 10,399,803 54
T o t a l .......................... ...................... ................... $11,866,906 41
A pplied as fo llo w s:
Six p e r ce n t bonds of 1875 redeem ed an d canceled
AA
(face v a l u e ) . . . . . . . ............................................. . ................... ^7r,o 7 9 ,5 0 0 00
D ue T rustees L and G ra n t M ortgage ......... . ............. .
538,791 09
N otes fo r p rin cip al of d eferred p ay m en ts on la n d s sold. 3,748,615 32
T o ta l . ....................... .............. .. . . . . . . . . . . . . . . . . $ 1 1 , 8 6 6 , 9 0 6 41

Since the close of the year the amount due Trustees has
been reduced by the purchase and cancellation of $258,000,
face value, of these bonds at a cost of $279,770.
No. 4. INCOME FROM COMPANY’S S IN K IN G FUND.
(For R edem ption of Six P . C. B onds u n d er M ort. of A pril 1 ,1 8 7 5 .)
A nnual req u irem en ts of m ortgage of A pril
1st, 1875.......................... . ...................... .............................
SGOO’OOO 00
In te re s t collected on in v e s tm e n ts......... .
.............. . . .
36,720 00
T o ta l..................... ...........- ....................................
B alance J a n u a ry 1st, 1 8 9 3 .................................. ............
T o t a l ..................... ............................................ .
A pplied as fo llo w s:
F o r red em p tio n of bonds (at face v a lu e )..................
F o r th e p u rch ase of bonds h eld as a n in 
v estm e n t, viz.:
S. P. RR. of < al. five p e r ce n t b o n d s........ ..$ 3 6 2 ,8 0 0 00
S P . B ran ch R ’y six p e r ce n t b o n d s........ ... 202,000 00
N o rth ern R ’y five p e r ce n t b o n d s...........— 117,000 00
T o ta l .................................................$681,800 00
C a sh ......................................... ......... U ............... 272,504 85

$136,720 00
1,314,584 85
$1,451,304 85
• - _
..
$497,000 00

954,304 85
$1,451,304 85

Since the close of the year the cash has been invested in
$180,000, face value, first mortgage six per cent bonds of
the Central Texas & Northwestern Railroad Company, and
$111,000, face value, first mortgage five per cent bonds of the
Galveston Harrisburg & San Antonio Railway Company.
S urplus
Inoom e
bonds
Incom e

NO. 5. INCOME FROM ALL SOURCES.
from P rofit an d Loss (statem en t No. 2 ).............. $1,759,190 33
from la n d sales fo r red em p tio n of six p e r c e n t
of 1875 (sta te m e n t No. 3 ) ........... ........................... 11,866,906 41
from Com pany’s sinking fu n d (statem en t No. 4) 1,451,304 85

T otal (rep resen tin g the b alan ce of assets o ver liabilities, on sta te m e n t No. 1 ) ................................................ ..$ 1 5 ,0 7 7 ,4 0 1 59
NO. 6. R E C E IPT S FROM SALES OF U. 8. GRANTED LANDS.
(D uring y e a r end in g D ecem ber 31st, 1893.)
N um ber of acres so ld ............ ......... ......... ..............................
543,399'52
L ess su rren d ered an d can celed ............... .................... .
12,796'86
T otal acres ................................................... . . . ..........—
$530,602*66
T otal am o u n t of sales (less $34,954 13 on c o n tracts c a n 
celled ............................ ........................ .
1,405,504 87
Cash receip ts on sales m a d e ....................................................
Cash collected fo r acco u n t of p rin c ip a l of notes g iv en
fo r d eferred p a y m e n t s ............................................ . . . . . .
Cash collected fo r acco u n t of in te re st on n o tes given
fo r d eferred p a y m e n t s ...... ..........................
L ess in te re st refu n d e d — ......................................................

$13,443 61
206,379 10
72,114 26
$291,936 97
2,156 34

T otal cash receip ts fo r tr u s t la n d acco u n t .......................
Cash receip ts from leases an d stum page, w hich is a p 
plied to w ard s expenses of lan d d e p a rtm e n t..................

$289,780 63

T o ta l cash r e c e ip ts............................................ .
NO. 7. ROLLING STOCK OWNED.
L ocom otives................ ...................... . ................................ .
B aggage, m ail an d ex p ress c a rs ...........................................
C om bination p assen g er an d baggage o a r s ..........................
P assen g er c a r s .......... . . . . ...... .................................................
P arlo r c a r s .......... .............. ......... .............. - .............................
T o u rist cars (three-fourths in te r e s t) ...................................
P u llm an sleeping c ars (three-fo u rth s in te re s t).............. .
D ining c a r s .......................... ............... ........................................
Official c a r s .............. .....................................................- ............

$305,555 41

B ox cars of a ll c l a s s e s . . . . . . . . . . . . . . . . . . . . ......... .

15,774 78

55

173

11

188
1
13
50
2
3
2,513

323

376

THE

Gondola cars...........................................
]35
F la t cars......1,..................................... .
Tank cars......J....... .........I
....... ......
2
88
Conductors’ cars.... ,............................
Road service cars.......................................................... 67

CHRONICLE.

[V o l.

L1X.

(K n r a ra m m I
3,499

G EN ER A L REM ARKS.

The Company issued during the year $2,760,600 of its capital
stock and $4,048,000 of its first mortgage five per cent bonds,
m payment for 136-82 additional miles of road, wharf at Santa
Monica, tracks and improvements appertaining thereto, ex
tension of coast division, 1 locomotive, 2 dining cars, 8 passenger cars, 2 official cars, 18 cabooses, 36 station cars and 1
pile-driver car; also three-fourths interest in 38 first-class
sleeping cars and 10 tourist and second-class sleeping cars.
Under the proposals advertised by the Trustees of the six
per cent bonds issued under mortgage of April 1, 1875, bonds
to the amount of $326,000 face value have been bought since
January 1, 1893, and canceled. The account of the Trustees of
said mortgage, for the year ending December 31,1893, is shown
rp detail on page 76 in the Annual Report of the Southern
Pacific Company. Since December 31, 1893, there has been
collected, on account of land sales, the sum of $142,716 77.
There was expended during the year 1893 for betterments
and additions, $282,892 93, which, although charged to the
capital account of the Company, were paid for out of the cur
rent earnings of the year. The details of these expenditures
are stated on page 18 in the Annual Report of the Southern
Pacific Company.
Respectfully,
WM. MAHL.
Second Assistant to President.

COMMERCIAL

EP.ITOM E.

F r i d a y N i g h t , A ugust 3 1 , 1894.T

A further gain in the movement of general merchandisemay be recorded for the current week. The Tar.if bill becamelaw and went into immediate effect, a result that has given
merchants a definite basis to work upon in regard to import
duties, and served to increase the line of negotiations for first
hand parcels of goods. The natural increase of wants among
retailers and jobbers as autumn approaches is also acting as»
a stimulus for a fuller and broader line of orders. No violent
changes in values have as vet been traced to revision of tariff'
rates, nor has the speculative element found opportunity for
disturbing operations in staple descriptions of merchan
dise. The average condition of corn crop is without further
depreciation, continued unfavorable returns from previously
reported blighted localities being made good by improvements
reported from other sections of the producing area. Al
though wheat is moving with some freedom toward storage
centres, the pressure is not severe, and the grain attracts in
creased attention at primal markets for feeding purposes.
Foreign demand for cereals has fallen off. Light receipts of"
swine are reported at packing points. At the close an esti
mate of large shrinkage in world’s probable supply of corn
has caused renewed strength in the value of that grain.
Lard on the spot has advanced sharply with futures, but
trade has been quiet, closing firm at 8 70c. for prime West
ern, 8^c. for prime City and 9c. for refined for the Continent.
Newburg Dutchess & Connecticut Railroad.
The speculation in lard for future delivery at this market has
keen dull but prices have made a decided advance in re
('For the year ending June SO, 1894.)
From reports to the Riilroad Commissioners of New York sponse to stronger advices from the West, due to the con
State the following is compiled. Betterments in 1893-94 tinued small receipts of swine at primary points, closing firm.
amounted to $5,082.
DAILY CLOSING PRICES OP L A R D FUTURES.
, EARNINGS, EXPENSED AND CHARGES.

1890-91. 1891-92. 1892-93. 1893-94.

S eptem ber...................

Sat.
8-07

Mon.
8-20

Tues.
8-40

Wed.
8-50

Ih u r s .
8-60

Fri.~
8-75

Pork has continued to meet with a fairly good trade ariffi
prices have been advanced slightly, closing firm at $15 25®
$15 50 for mess, $15@$17 for short clear and $15 50@$16 for_
N et earn in g s_ ..
41,128
32,408
23,149 family. Cutmeats have sold fairly well at full values, closing
O th er incom e................
245
157
159
firm at 8%@9c. for pickled bellies, 12@101bs. average, 7c. for
T o ta l........................
41,373
32,565
23,308 pickled shoulders and ll?4;@12c. for pickled hams.
.. Leductr—
Beef has been firm at $8@$8 50 for extra mess, $8@$10 for
I n te r e s t en b o n d s___
11,300
14,575
11,300
O th er in terest, e tc ..........
6,612
641
3,415 packet, $12@$13 for family and $16@$18 for extra India mess.
T a x e s « .................
6,183
6,005 Beef hams have been steady at $22.
Tallow has been more freely offered and prices have weak
T o ta l........................
23,776
21,399
20,720
ened slightly, closing with sales at 4%c$415-16c. OleoS u rp lu s .........................
17,597
11,166
2,588 stearine has further advanced, closing firm at 8%c. Lard
GENERAL BALANCE SHEET JU N E 30, 1894.
stearine has been quoted nominally at 103^c. Cotton seed
Assets.
L iabilities.
C ost of roacl....... . — ..-$2,554,457 I C apital s to c k ................'.$1,100,000 oil has advanced, closing firm at 34c. for prime yellow; crude
Cost of e q u ip m e n t.___
68,714 F unded debt.
",390,000 nominal. Butter has been quiet but steady, closing at 15@
R e al e s ta te ................. .
1,224 I Loans an d bills pay ab le
13,495 24c. for creamery. Cheese has advanced, but the close was
C ash on b a n d . . . . ...........
16,545 Open a c c o u n ts.............
782 easy at8@10%c. for State factory, full cream. Fresh eggsOpen a cco u n ts................
16,002 A udited vouchers, &o. .
12,071
Supplies an d m aterials.
10,290 I Real e sta te m ortgages.
50,000 have been quiet and prices have declined, closing at 165/(®
O n e by a g e n ts......... .
4,179 I Profit and loss (surp.)..
104,563 17c. for choice.
Raw sugars have been active and firm with every pound
T o ta l.......................... $ 2 ,6 7 1 ,4 1 1 1
T o ta l...........................$2,671,411
that could be reached before the new duty went into effect
taken up. At the close offerings are much reduced. Centr fProspect Park & Coney Island Railroad.
ugal quoted at 3%g. for 96-deg. test and muscovado at 3 ^c.
( For the year ending June 30, 1894.)
for 89-deg. test. Refined sugar quiet, but higher and firm
From reports to the New York State Railroad Commission granulated quoted 5c. All other staple groceries selling well;
ers the following has been compiled. Betterments in 1893-4 teas and spices advancing.
were $10,298;
Coffee has continued slow and weak, with offerings rath er
1890-91.
1891-92.
1892-93.
1893-94- increasing. Rio quoted at 16o. for No. 7, good Cucuta 183^@
$
*
, $
$
I8%c. and interior Padang 22%@23c. Contracts were in buy
.158,267
159,387
171,332
144,920
O p eratin g expen ses*. ’ . . . ..124,247
.
1 24’247
129,820
140,059
153,207 ers’ favor early in the week, but a covering demand on Euro
pean account subsequently caused reaction. At the closs th&
. 34,020
31,273 def.8,287 feeling is easy again under “ long ” selling. The following
29,567
O ther incom e
. 38,844
40,890
17,361
18,533 were final asking prices:
G ross e a r n i n g s . . . . . . . . . . ........." 1 7 5 ,9 0 9 173.505 167,587 1 5 7 ^ 5 2
O p erap n g .ex p en ses.....................1 4 5 ,6 7 2 132.377 135,179 134,803

. 72,864

.70,457

48,634

10,246

. 62,524
float. debt, &c..
7.945
. 2,522

66,100
7,038
4,080
13,000

31,654
8,985
12,596
10,356

35,689
10,971
5,169
7,712

L i duct-

S e p t,.............. ..14-lO c. I D ec..................... 12-70o. I M a rc h ...............12-40c.
O ct..................... 13-40o. J a n ............... ...1 2 -0 0 e . A p ril.................. 12-30o~
N ov ......... ..........12 90e. | F eb...... ............. ,12-45e. I M ay.................... I2-30C.

Kentucky tobacco has sold slowly but prices have been well
maintained; sales 150 hhds. Seed leaf tobacco has received
more attention at steady values; sales for the week were 1,506
. 85,991
90,218
63,591
59,541 cases, including 100 cases 1892 croD, New England Havana,
. 13,127
19,761
14,957
49,295 18@50c.; 100 cases 1893 crop, New England Havana, 13@15c.;:
GENERAL BALANCE SHEET JU N E 30, 1894.
300 cases 1892 crop, State Havana, 9 15c.; 100 cases 1893
Assets
Liabilities.
Cost of ro ad ............... $1,028,423 C apital stock................. / *250,000 crop, State Havana, 10c.; 450 cases 1892 crop, Wisconsin H a
Cost of equ ip m en t__ .
136,651 F unded d e b t . . . . . . . . . J ' 1,134,883 vana, 9@12c,, &c., &c.; also 450 bales Havana, 70c.@$l 10,
B onds of o th er cos.......
420,000 Incom o b o n d s............ J.
250,000 and 250 bales Sumatra, 85c.,@$2 50 in bond.
D ue by a g e n ts ..............
4,933 I n te re s t on bonds.........
25,577
Speculation in the market for Straits tin has been quiet.
Open acco u n ts............ .
23,674 L oans a n d bills p a y ’le.
104,972 Prices have been lowered materially in consequence of theP ro fit an d loss (d ef.)...
174,485 Open a cco u n ts..............
12,251
change ia tariff, and weaker advices from abroad have caused
A udited vouchers an d
pay -ro lls......................
10,483 further reduction in costs. “
The close was steady at a slight
improvement from the lowest price at 15'65c. Ingot copper
T o ta l......................... $1,788,166
T o t a l . . . . ................... $1,788,166
has declined sligptly, but the close was steady at 9 15c. for
Pine Creek Railway.
Lake. Lead has been dull, closing easy at 3'25c. for domestic.
Spelter has been steady, closing at 3'40c. for domestic. Pig
(For the year ending June 30,1894.)
and unchanged at $9 75^ $13
The results of operating this road, leased to the Fall Brook iron quiet petroleum has been steady atfor domestic. 2-65c.
Refined
5-15c. in bbls.,
Company, were as follows :
in bulk and 6'25c, in cases; crude in bbls. is unchanged,
1892-93.
1893-94.
.$986,410
$852,470 Washington closing at 6c. in bbls. and 3-50c. in bulk; naph
. 581,138
498,890 tha 5%c. Crude certificates have advanced, closing at 82^c,
bid. Spirits turpentine has declined, closing dull at 23%@29c.
N et earn in g s.................................................$405,272
.$405,272
$353,580
R e n ta l to P in e C reek C o ....; ...............
. 296,795
255,740 Rosin has been quiet but steady at $1 10^.1 15 for cornffion
and good strained. Wool has sold moderately well at full
S u rp lu s to l e s s e e . . . . . . ....... ...................... .$108,477
,$108,477
$97,840 values. Hops dull and without change.




S

eptem ber

THE

1, 1894]

377

CHRO NICLE

In addition to above exports, our telegrams to-night also*
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs,
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 25,173 bales,
OS SBIPBOARD, NOT CLEARED—FOR
L ea vin g
against 14,122 bales,last week, 7,213 bales the previous week A u g 31 at— Great
Stock.
Other CoastTotal.
B rita in . France. Foreign wise.
and 5,732 bales three weeks ago.
C O T T O N .
F riday N ight . August 81, 1894.
The Movement of the Cro p , as indicated by our telegrams

Sat.

Receipts at—
G alv esto n .........
Velasco, & c___
New O rle a n s..
M o b ile...............
F lo rid a ..............
S a v a n n a h .........
B ru n sw ’k.&c.
C h a rle s to n .......
P t. R oyal, &c.
W ilm ington___
W ash’to n , &c.
N orfolk..... ........

Mon.

2,110
......
1,537 2,089
12
73
m m m .........
mmm
3 s7
105
mmm
mm
.....
113
12
442

Tues.

Wed.

1,391
......
1,983
64
.........
617
......
64
......
11
......
15

Thurs.

1,713
......
263
73
.........
480
.........
184
.........
2
.....
19

2,000
.........
647
61
---- 929
......
42
.........
4
......
32

Fri.

Total.

1,997
9,653
165
165
3,734 10 253
75
358
.........
502
3,020
.........
348
763
43
43
20
45
.........
167
50
124
.........
......
64
214
214
304
111

745
None.
None.
None.
None.
None.
250
None.

262
1,415
500
None.
None.
378
None.
None.

558
2,918
None.
None.
None.
None.
8,650
400

5,457
8.563
500
None.
None.
378
10,400
1,000

25,3 ÍO
11,745
8 ,7 2 »
11,740
2,788
2,343
82,080
12,730

New Y ork.........
O th er p o r t ___

3,892
4,235
None.
None.
None.
None.
1,500
600

T otal 1 8 9 4 ...

10,227

995

12,526

2,655

26,303

157,459

T o ta l 1 8 9 3 ...
T o ta l 1 8 9 2 ...

7,343
19,312

3,570
1,823

6,520
5,590

4.220
1,187

21 653
27,912

218,155
386,396

New O rle a n s...
G alveston.........
C h a rle s to n .....

Speculation in cotton for future delivery at this market has
continued moderate and unimportant. Local sentiment is of
a bearish character, based upon supposed evidences that only
some serious disaster can now prevent a liberal yield, and
.........
......
N’p o r t N., &c.
also to some extent upon the circulation of unpromising re
........
......... .........
......
New Y o rk ......... . . . . . .
. 50
14
ports in regard to trade at Manchester. There has, however,
......
...a ..
......
B a ltim o re .........
been some improvement iu the domestic cotton goods trade
193
during the week,which stimulates a hope of increased demand
T o t’ls th is w eek 2,208 4,869 4,338 2,734 3.765 7.259 25.173 from home spinners. Saturday brought an exceedingly small
The following shows the week’s total receipts, the total since market and practically no change in value, but on Monday
Sept. 1, 1893, and the stock to-night, compared with last year. there was a decline of 6 @7 points in consequence of very few
Stock.
1893.
buying orders and some pressure to realize. During
1893-94.
' Receipts to
Tuesday 3 @ 4 points additional were lost under
This Since Sep. This Since Sep. 1894.
1893.
A ug. 31.
Week. 1 ,1 8 9 2 .
Week. 1 ,1 8 9 3 .
the continuation of previous general influences and
17,286 the circulation of tame accounts from abroad. Wednesday
20,313
4,122
9 fi.53
»
opened a few points higher in response to firmer cable ac
34,107 counts, but both our own and the foreign market reacted and
io ,e-\3
30,767
3,358
5,272
2,788
872
358
closed at a small net loss for the day. The Exchange mem*12,162 bers having by vote decided to suspend business on Saturday
9,223
7,223
3,020
as well as Monday (Labor Day), the shorts in anticipation of
the holiday commenced covering yesterday and raise d prices11,961
7fi3
11,740
305
4@5 points. To-day the opening was a shade firmer, but de
......
........
P.Royal,& o
43
mand was limited and market closed quiet with tone easy.
1,740
1,400
41
45
Cotton on the spot slow; middling uplands 6%c.
The total sales for forward delivery for the week are 388,000
2,721
5,691 bales. For immediate delivery the total sales foot up this week
480
167
124
5,407 bales, including 900 for export, 4,307 for consumption,
397 — for speculation and 200 on contract. The following are
22
N ’p ’tN .,& o
92,480 139,044 the official quotations for each day of the past week—
2,850
2,030 August 25 to August 31.
63
64
8,000
3,000
75
214
Rates on and oif middlinr, as established Nov. 22,bv the
1,480
1,073
7,148 Revision Committee, at which grades other than middling
304
P hiladel.,& o.
183,762 2 19 808 may be delivered on contract:
T o ta ls ....... 25,1731 ............. 17.6 34
4
......
11
24-

4
......
40
100

In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—

1894.

1891.

1890.

1889.

G alves’n,&o.
N ew O rleans
M o b ile .........
S a v a n n a h ...
C har’ton,&c.
Wilm’ton,& c
N o rfo lk .......
W. Point,& e.
All o th e r s ...

9,818
10,253
358
3,020
806
45
167
124
532

4,122
3,358
872
7,223
305
41
480
22
1,211

8,778
8,890
167
3,037
1,153
36
344
43
975

21,069
15,099
3,418
10,341
1,012
125
742
1,199
1,437

26,099
10,453
3,703
22,084
12,704
4,495
4,611
5,506
2,934

18 587
9,289
3,955
20,709
2,533
24
35
2,041
229

T ot. th is w k.

25,173

17,634

23,473

54,435

92,589

F a ir ....... ............................0.1*4 on.
M iddling F air. . . . . . . . . . . 78 on.
S tric t Good M iddling....... *a on.
Good M iddling....... ........... 5is on.
8 tric t Low M id d lin g ...... 316 off.
Low M id d lin g ................ . 7ig off.
8 trio t Good O rd in ary .......
16 off.

57,452

Since Rent. I

.............

1892.

1893.

______ 1 .............

........

........

........

The exports for the week ending this evening reach a total
of 5,108 bales, of which 3,383 were to Great Britain, ----to France and 1,722 to the rest of the Continent. Below are
the exports for the week and since September 1, 1893.
Exports
from—

From. Sept. 1, 1893, o Aug. 31,1894
Week Ending Aug .3 1 .
Export,e I to—
Exported to—
Great
Conti Total Great
Conti
lotal.
B rit’n. France nent. Week. Britain. France nent.

Good O rd in a ry ................o. 1 *9 oft
Good M iddling T in g e d ...
Even*
S tric t M iddling S ta ih e d ..
oft.
M iddling S t a i n e d . . . . . . . . . 7,6 oft.
S tric t Low Mid. S tain ed ,. 39i2 oft,
Low M iddling S ta in e d .... 1 38 off«.

On this basis the prices for a few of the grades would b9 as
follows: UPLANDS.

Sat.

Mon Tues W ed

Tit.

F rï.

51316 53t
6718
6*5,« 6 78
7*4
73,6
7L*1« 7%

53,
6T1(5
6 78

M iddling F a i r ..............................

5 78
69ie
7
7518
7 78

5%
6V
67
»
73,¿
■734-

5%
67,8
6 78
7316
7%

7%

Sat. Mon Tues W ed Tit.

G U LF.

6*s
6i3ie
7*4
7»i8
M iddling Fair".............................. 8*8
Sat.
STA IN ED .

M iddling ...T ............................. ;

Good M iddling T in v ed ..............

5»8
6516
62o32
7

6
6
6H 1P 6**18
7*8
7*8
7716
8
8

6%
7 3ie
7*9
8*16
M on Tues| W ed Tit.
59ie
6*4
623*2
615t «

F ri.

5*a
63*8

5*s
63 te

6 78

51
«
63,«
621
6V

F ri.

6
6
6U ie 611X«.
7*8
7*8
77jg
8
8

6*8

5*fl
63,6
6 9*32
6%

MARKET AND SALES.
V elasco, & c....
N ew O rle a n s ..
M obile & P e n .
S a v a n n a h .......
B ru n sw ick .......
C h a rle s to n '"...
W ilm in g to n ..
N o rfo lk ............
W e s t P o in t....
N ’p ’t N ew s, &c
N ew Y o r k ....

148
827

148
827
......... •

The total sales of cotton on the spot and for future delivery
each day during the week are indicated ih the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
gALES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.

...
3,145
5
236

641
101
5

3,786
106
241

1,722

5,108

P h ila d e lp ’a . . . .
3,386
•Total. 1892-93.. 13,425 3 839
' In c lu d in g P o r t R oyal.




7,460 23,724

......

S at’d a y .
M onday
T uesday
Wed’day
T h u r’d’y
F rid a y ..
T o ta l.

Q u ie t..................
Q uiet a t *xe d ec.
Q uiet a t tie dec.
s t e a d y ....... . . . . .
S te a d y ................
S teady ................

E x
p o rt.

Con- Spec- Con
sum p. utri’n tract.

565
665
311
732
400
200 1,350
634
200
100

9 t0

4,307

i’ 'o
o
ib o
...»

200

Total.

Sales o f
F utures.

765
765
411
1,132
1,650
684

22,800
61.7Q0
80.400
85,200
78,500
59.400

5,407

388, o o a

378

THE

Th e S a l e s a n d P r ic e s o p
f o l lo w in g c o m p r e h e n s i v e t a b l e .
g
SPI
3
Qhjooa Qhj® 5 S ^ 2P®
* i ® ® ® â O Q (M a S §LP*
D
B œo B
m g*® ®
C*®'?DP< I P’® S
P OO2
B 0
g-P;
S>do^
S 'f
• 85 et-"
hr»- : s i s
: s ft*
zp v
■ ifii IW
8I
5
8 .9?
=
eo
®a
®®

•as

05
a § o .g
I «.50a
t< i^p
i
• <!©•
©©'
O
)

Æ
?00^ .
S.ÔÇ»«
® <10 *
H .w i

I«

©» £
eii© ®
©kO *
*
1 »**:
G G C 05
ì ì
œ©® ©
» C to
-» O

0050 0
©•j© ©
If. O

05

0505 ►
00 •
CtCDH1^
1 ®j-*;
o
a Ci© ci
OU M
OO p?
V J .J

®

yioi-'ss
• er*:
©
© ©©©
k.1Ó © Jl
cooo c
©O'-*''
I 9 ®

OOCO

:

B oo
' ci»© C
Î5
C C
D O
>
<359 5
©O’ ®
MX
S i> '
C
J
T
Ci Ci O Ci
©©© ©
toto M
P © O©

I i

fl

©© "
I oP
©©O©
oo<ow oo
<1© C
G
m
CC ®
DD
boto *
9 e* '
9.

* a:

g
hhP®
- 3.H-®
O (5 ® PC
D
fct® -®8
P œ*vi»
“ cK<
Ok
£■» ss
Pif-W
b

:

£

O
’v> ®
1^ 05 ’"<
Ia :
*•
»

0 5 ,0 0 5

>
%
d’O 9
i
©<l H
I
a ®;
O
Ci Ci O Ci
©©©O’
<ï>— C
D
a© %
Ci Ci ® ÓìOì ®
0,0 ^
< j
ci
ap:
05
05 0 5 © Oi
OOOO
©œ® ©
© © °©
OO M k O - l M
►
o o ¡J
<JOi ® Gì 05 ®
©CP * a o “ 1
*
*©
I »P!
©
O O C O O OOO
-4«j® Ò ®-4®".i
HH '» <1 to o
oo
•4M ®
cowto-c
¿J CO
co
© ©Ô ©
OOOO
jO .
^ • j© - j
•5-g o> H C O
>D
►
©© < o. o- ^
00<ï fl
CD CO C
D
op
aP:
©
■
OOOO
obcc * ob
©O’ —
OO %
cox 9
©t© ^
•aP:
©©O© ©©O©
^©nn
ooce w co
CC ©
OD
©©
©©
CC
DD
CC
DD
<yi©
O 03
<W
ik

g
qrçœ®
o h £ 5^.
» ®®
K O ^® 8
*® *
P B
î• jh 2 "*^
Q OO
. » cf ly
p P*
ï
p
! fc'nw
» s> • to
:

05
?
Di
C Q çy £-i
D
o ©Xm
3 « © B P 0 ®^
® to® P 1 (8* O
-*
* <i©3 ^ -MO1
’ 6°'
co
fO

05 05

I CO
S.®

F u tures a re sh ow n

b

:

II :

H »0

If.

®o ^
ÔÔ ®
CO CD **
apt
i^
O OOO
M^l®'vl
c to ©
►
o o •4
<i<i 2
05 O '8 0 ^
,i ® p ;
OOOO
j
o<jO .
M© <1
►
oo <
CC 9
OO
coeai-*^
' cp;
OOCO
cdx© x
WO'
©©
O CO ®
C
00©

Ip
s ii

f© ^
o 0005^
sj » r g
¡3 "JO ^
¿©

V iw

til

SO

hT
s© ^
0503 h
Iap

OO ¡5
'ioo 9
© o^**
OOCO

00 ^
CD 2
^J
©
CD H
1 ar
co
I ©©©
' C©
D CO
00 5
» X
®
©O’ ^
1 ap
■a
© © o©
Q TD ob
D ®
<100 <1

oo 5
CC 2
DD
coto ^
9»
o
©©©©
op eo '* o D
ÇÇ ©Ô
QÔC
00
03
(>
» - j ¡5
^

H 11 t

10; :
\ Ili

© •©

^

CC ®
DO
*
*
03
0
0
© <1©
C rf*
O
00©

¡dF“ The imports into Continental ports the past week have
been 11,000 bales.
The above figures indicate a decrease, in the cotton in sight
to-night of 222,205 bales as compared with the same date
of 1893, a decrease of 605*414 bales from the corresponding
date of 1892 and an increase of 342.983 bales over 1891.
a t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1892-93—is set out in detail below.

ÓÓ
I* 1^
>* t
A
<!<10<l
CM©Ó
ai 0 <i

«*s|<I

©© ®
O© ^
.
;
©
<J<3©-^I

1 a .M
'
O
o<j
M ©M
co
tc

M
c
^* 1 < * -M «
H 1 9 c ». ®
S
M
> COX S
*
a ;
I« ■
<J<JO*3
MM®M
to<i <J

I a: :

»MS »

;

K to-I’

o

■

» - c f |f .
© O il-1

J M
<1h-"-<
’
MM ID
M
w
is to<j© ;
xiooi<ito » w t ^ H a x M a w m' - x ©
05M<I —©O’, © ■ tD»J —©O’ M-Ï105 tototoot© OtOOtœœkS*- il»
»
■MJMtOlf»«©. MC.»tOMWXO’©CO©<lliO©tOKIOJ©©-gMO>MW

Ia
I I

>
►
►
1 1 s 1 1 g 1 1 j 11
*
t
I 9; : 10: : l a:: 1a:
1 1: 1 l i f t I l i
1*1 1

*•

-JI-*WOO O to K) to t o , iD O îC C W -4! W 0 > x !
kO O 50 f (-< «0 X
© If. • CD It* I-* »4 Ot w o e

LI

Ia

BSP For exchanges see page 380,
o f C o t t o n to-night, as made up by cabl e
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Aug. 31), we add the item of exports from
the United States, including in it the exports of Friday only.




„
1994.
1893.
1892.
1891.
S tock a t L iv e rp o o l........ b ales. 1,032,000 1,162,000 1,335,000 849,000
Stock a t L o n d o n ... . . . . . . . . . . . .
15,000
6,000
9,000
18,000
T o ta l G re a t B rita in sto ck . 1,04 >
,000 1,168,000 1,344,000 867.000
Stock a t H am b u rg .....................
33,000
12,< 00
5,800
3,700
110,000
94,000
88,000
S tock a t B r e m e n ...................
62,000
8took a t A m ste rd a m ................
11,000
15,000
22,000
20,000
Stock a t R o tte r d a m .................
100
200
200
300
Stock a t A n tw e rp .......................
15,000
9,000
8,000
7.000
Stock a t H a v re ........................... 329,000
347,000 380,000 184.000
6,000
7,000
9,000
Stock a t M a rse ille s...................
10,000
Stock a t B a rc e lo n a ....................
74,000
100,000 71,000
75.000
Stock a t G e n o a .......................
13,000
19,000 14,000
8.000
Stock a t T r ie s te .........................
36,000
29,000 45,000
45.000
T otal C o n tin en tal stocks.. 627,100 632,200 643,000 415,000
T otal E u ro p ean s to c k s ___ 1,674,100 1,800,200 1,987,000 1,282,000
In d ia c o tto n afloat fo r E u ro p e.
43,000
32,000
35,000
42,000
Amer, cot t ’n afloat fo r E u ro p e.
36,000
48,000
30.000
28,000
E gypt, Brazil,&e. ,aflt f or E ’r ’pe 12,000
31,000
15.000
10,000
Stock in U n ited S tates p o r ts .. 483,762 239,808 414,303 244,371
Stock in U. S. In terio r to w n s ..
56,366
74.501
126,619
56,024
U nited S ta te s e x p o rts to -d ay .
356
2,280
3,071
201
T otal v isible su p p ly ........... 2,005,584 2,227,789 2,610,498 1,662,596
Of th e above, to ta ls of A m erican an d o th e r d escrip tio n s a re as follow s:
A m erican—
Liverpool sto c k .............. h a le s. 858,000 905,000 1,124,000 634.000
455,000 501,000 451,000 253.000
C ontinental s to c k s ................ .
A m erican afloat fo r E u ro p e ...
36,000
48,000
30,000
28,000
U nited S tates sto c k ................... 183,762 239,808 414,308 244,371
United S ta te s in te rio r sto c k s..
56,366
74,501 126,619" 56,024
U nited S ta te s e x p o rts to - d a y .______ 356
2,230
3,071
201
T otal A m erican................... 1,589,484 l,770,5o9 2,148,998 1,215,596
E ast In d ia n , B ra zil, <£c. —
L iverpool sto c k .......................... 174,000
257,000 211,000 215,000
London s to c k ..........................
15,000
6,000
9,000
18,000
C ontinental sto c k s..................... 172,100
131,200 192,000 162,000
In d ia afloat fo r E u ro p e ............
43,000
32,000
35,000
42,000
E gypt, B razil. &c., aflo at.........
12,000
31,000
15,000
10,000
T otal E a s t In d ia , & c.......... 416,100 457,200 462,000 447,000
T o ta l A m e r ic a n .................. 1,589,484 1,770,589 2,148,998 1,215,596
T otal visible su p p ly ...........2,0o5,584 2,227,789 2,610,998 1,662,596
M iddling U pland, Liverpool .
3 316d.
4^d.
3 i5 ,6d. 4 H ifc
d.
M iddling U pland, New Y ork..
6 7go. 71316c.
V^o. 8iii« o .
E gypt Good Brown, L iverpool
4i316d. 531(,d.
49i«d.
6isd.
Peruv. R ough Good, Liverpool
5U i«d.
6isd.
5®sd.
9d!
B roach F ine, L iv e rp o o l...........
3i516d.
43gd.
3 i5 ,ed.
413d.
T innevelly Good, L iv e rp o o l..
39i bd.
4H d.
3i3led.
45ied".

•^<j ©^ i
© o°©
_©i-* M

OC c o ® CD

« In clu d es sales in S eptem ber, fo r S eptem ber, 1,700; S e p te m b e r,
2S*3JS£’ t ov O ctober, 267,800; S eptem ber-N ovem ber fo r N o v em b er717,900; Septem ber-D ecem ber, for Decem ber, 1,862,40c; S ep tem b er,
Ja n u a ry , for Ja n u a ry , 7.039,90a; S eptem ber-F ebruarv, fo r F e b ru a ry ,
1,486.800; Septem ber-M arch, fo r M arch, 6,514,900; S eptem ber-A prilfo r A pril, 1,766,300; Septem ber-M ay, fo r May, 5 . 844.40 > S eptem ber;
J u n e , fo r Ju n e, 2,184,503; Septem ber-July, fo r Ju ly , 1,102,600,
T h e V is ib l e S u p p l y

LVo l . Lix.

a I

©©o ©

I I

►

th e

fe
932*1
i
o 3 .£ S
so o ® 3
5n*s
f P s 1
frä'S J*
• PM
<5*-^
• M >
• P.& 0
w
8 ' -)
5
y• K
!
<
W
®

I I

►

dv

Ö©
p 05
a Ï
S^cotoO
qa
p ®J's p Û< 2.
i
B 00m 9 5® «
8
i »f& .
Ç a
X
>
b»
» 9 5 0505 5
dl© ® ©© ®
•goo H O 'W rs
*:
Ia r
•
to
©©©»
5 05
05 05 C 05
© O' ® ©
>òi ©œ©©
bk
OiOi ¡J OiCi % OO
0»ci» 9
oo ®
* 0 0 "» <1^1 *
i ^0
1 a^>:
a i -1
00
•a
1 a o ® Ci Ci O D
i
©©©©
C O H 00 tO
D O *
b>
boo
oo
00 ^
o o ® ©©
®
Wkim H o o
I
MH ^
C
D
s* m
1 a i-:
9»Q ;
to
CD
O O O O A D S a O OOO
©>©©« ®«â®©

©
CD A
Or rfi*
.
*i
I
<J
©©O©
•©
CDCD© co
tCQ C G <1 ©
i O ì
>
<i <i <
©2 2
t-O f»
•a :
09
MMOM
*? l1 ® o
ÓÓ©©
© S “?
to to t->
to
M
>
>
<l<ï 4
O© ®
o » o
^co * © 03 * « © ®
M
M» H
a :
1 aj®'
<1
a»
a»
<i »i ©<i «3 , ©-J
© ¿ © ó ©M°è> ©1 ©O
C
D
rf* rf^© X C
.
D
00

I a : :.

CHRONICLE.

a>

M ;

o t ! O’

k
O
MJ
cow©o>;

M CD © © O ’

M

if.

to

^

ah

■
, 01 wto

k O © *D*

M

» »

‘ © lU• M ■ to l£. (O A !>
■
, ©©; ko»M ; *.o<©

k0© 0>© ’ © »I

McoO’WkOMkOMtaM©wo<WiOkOMa

i ÖJ
S

© © »O ’

MM

© 0 1 -1

M

gì

»»© AO M M wM cnoka

CO X M © ^-J M <1
CO© 00 to p i k O © © 'f e .X © t O < J M © < I k O O '© M i b ©
t O O k O a W M ^ ^ iO o M J to X © kO
m 'I j M ^ M X kO © © 'i j X CD© M
X t n © © - J M i f u X X © © v l M O < X X W O 'M © '3 © k 0 t O < l » O > M 'i < I O ’
k 0 X W l^ © l ^ k 0 © © X © M O '© M l ^ .X l ^ © O t O '© - 4 © O < © O < © O < X l |t .

HS
»
Z»
Qò
to
è

oi; tf^Mto; ifc ; ©• mm
.
© ;
o © o',
© m ! m : -o © to
)Ut O' © M Hk3M< if»' tf ^ o i

*#.M '
• kO M
kO
oiMtswwMit’ M; ©©; ©two«
to m

M M S ’ H O ^ O I 'J '

©X

O’ X M

8*8-3

^ M
; ©
©; ©kO ; JO
©MMM
kO MtO
to MiMU M■ »', <1Mtf • MO to • o V O X © ■JMHVtStS © O'MO j
’
’
»»M©©©iu; ©©©©; 0 > x x ' C|3©<1 D©MOO<J tOMXOt-IX
to OtX© kOM■ OiQ'OkO- kO©X COMO M©MtOWOO’kO<iO’M© I
* L ouisville figures “ n e t ” in b o th y ears,
t T his y e a r’s figures estim ated ,
t L ast y e a r’s figures a re fo r S herm an, T exas.

The above totals show that the interior stocks have increased.
during the week 547 bales and are now 18,135 bales less than
at same period last year. The receipts at ail the towns have
been 18,063 bales more than same week last year and since
Sept. 1 are 463,045 bales wore than for same time in 1892-93.

»S e p t e m b e r
Q u o t a t io n s

fo r

THE

1, 1894.
M id d l i n g G o t t o n

at

CHRONICLE.

O t h e r M a r k e t s .—

Below we give closing quotations of middling cotton at South
ern and other principal cotton markets for each day of the week
Week ending
Aug. 31
G a lv e s to n ...
New O rleans
M obile..
S a v a n n a h ...
C h a rle s to n ..
W ilm ington
N orfolk........
B o s to n .........
B a ltim o re ...
P h ilad elp h ia
A u g u s ta . . . .
M e m p h is ....
St. L ouis . . . .
H o u s to n ....
C in c in n a ti..
L o u isv ille...

CLOSING QUOTATIONS FOR MIDDLING COTTON ON—

S a tu r.
6 1«
6^2

6-*2

61«

65s
63*
7

M on.

Hues.

Wednes.

T hurs.

69iß
612

6»ie
61«

6»ie
67lfi

6 I4

6V
638
6*4

6 716
6 ° ih
6 5ie

61«
0 7ie
6 7ie

65s
6 iiie
7

65g
6 H 16
6 io16

6»8
611 iß
6 78

7516

714
7H

61«
61«

714

714

7>18

7%
61«

6 I4 *38

6%
6 9ia
7*8
7

6®ie
7 i8
7

65s
6%

61«
*j7 16
67i 6

65,6
6&
iß
65g
611x6
6 78

65g

6%

714
714
614

714
734
614

6&8
6%

65s
6%
61«
718

6®8
6 l l ie

718

714

6^8

65lti
65,e
65g
6Ui6
6 78

Fri.

614

61«

61«
718

.714

7

7

6 I2

7

7

The closing quotations to-day (Friday) at other important
Southern markets were as follows,
6 1 I N e w b e r r y ...... . . . . . .
«
A t l a n t a .............
6S18 L ittle R o o k ...
6%
6 1 I R a le ig h ......... .
«
M ontgom ery..
Colum bus, G a. 6
6 s4 Selm a............. ...............
N a s h v ille .......
C olum bus, M iss 6
6*4 I S h re v e p o rt.....
6*8
N a tc h e z ........ .
E u f a u la ..........6*8
R e c e i p t s f r o m t h e P l a n t a t io n s . —The following table

indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.

Receipts at the Ports. SVk at Interior Towns. Rec'pts from Plant'ns,
Week
Unding—
1892. 1893. 1894. 1892. 1893. 1894. 1892. 1893. 1894.
J u ly
A ug.
“
“
“
"

27.......
3 .......
10.......
1 7 ..,.
2 4 ....
3 1 ....

5 979
8,656
6,101
5.703
11,878
23,473

10.205 3,921 155,507
10.713 3,941 152,473
9.243 5,732 147,953
12.218 7,213 131,856
12,434 14,122 128,629
17,634 25.173 126.619

97,788
91,651
84,867
79.179
76.824
74,501

85,945 2,197
62,859 5,622 4,576
858
59,935 1,581 2,259 2,838
58,939
6.760 4,217
55.819 8,651 10,079 13,002
56,386 21,463 15 311 25.720

The above statement shows that although the receipts at the
outports the past week were 25,178 bales, the actual movement
from plantations was 25,720 bales, the balance going
to increase the stocks at the interior towns. Last year the
receipts from the plantations for the week were 15,311 bales
and for 1892 they were 21,463 bales.
C o t t o n C r o p C i r c u l a r . —Our Annual Cotton Crop Review
will be ready in circular form about Thursday, the 6th of
September. Parties desiring the circular in quantities, with
their business card printed thereon, should send in their
orders as soon as possible, to ensure early delivery.

dredths. The thermometer has ranged from 66 to 93, averagging 79.
Fort Worth, Texas.—We have had only a trace of rain during'
the week. Average thermometer 78, highest 94 and lowest 63.
Weatherford, lexas.—Dry weather has prevailed all the
week but the crop is doing well. The thermometer has av
eraged 78, the highest being 92 and the lowest 64
Columbia, Texas.—It is claimed that cotton has been
slightly injured by rain. We have had showers on three day»
of the week, the precipitation reaching one inch and eighteen
hundredths. Average thermometer 79, highest 88 and low
est 70.
Cuero, Texas.—The week’s rainfall has been one inch and
fifty-six hundredths, on five days. The thermometer hasaveraged 82, the highest being 92 and the lowest 72/
New Orleans, Louisiana.—We have had rain on four daysof the week, the rainfall reaching eighty-eight hundredths of
an inch. The thermometer has averaged 80.
Shreveport, Louisiana.—Shedding is reported, and damage
by the rains of the past ten days is claimed. Rain has fallen
on two days of the week, to the extent of twenty-one hun
dredths of an inch. The thermo meter has ranged from 66 to90, averaging 78.
Columbus, Mississippi.—We have had rain on three days of
the week, the precipitation being forty-one hundredths of an
inch. Average thermometer 79, highest 91 and lowest 68,
Leland, Mississippi.—Telegram not received.
Meridian, Mississippi.—Cotton has been damaged by theexcessive rains. Th-re has been rain the past week on six
days. The thermometer has averaged 81, ranging from
70 to 92.
Little Rock, Arkansas.—It has rained on three days of the
past week, the rainfall reaching ninety-three hundredths of
an inch. The thermometer has ranged from 67 to 88, averag
ing 75’9.
Helena/ Arkansas.—Reports as to damage by recent rain»
are conflicting. Some state that much injury has resulted
and others say very little. Riin has fallen lightly on three
days of the week, to the extent of thirty hundredths of an
inch, but present indications are for fair weather. Average
thermometer 76, highest 88, lowest 66.
Memphis, Tennessee.—The crop in general is fine. The
shedding and boll worms reported are unimportant. Four
bales of new cotton have been received thus far. There was
light rain during first three days of the week, the rainfall
reaching seventy-seven hundredths of an inch. The ther
mometer has averaged 76 8, the highest being 89‘4 an d th e
lowest 65 9.
Nashville, Tennessee.—There has been rain during the week
to the extent of one inch and six hundredths. Tne thermom
eter has averaged 76, ranging from 66 to 99.
Mobile, Alabama.—Rain has fallen on five days of the week,,
the precipitation being sixty-three, hundredths of an inch..
Reports indicate damage by shedding, bolls worms and rust.
The thermometer has ranged from 71 to 99, averaging 80.
Montgomery, Alabama.—We have had rain on five days of
the week, the precipitation reaching one inch and twentynine hundredths. Average thermometer 78, highest 86 and
lowest 70.
Selma, Alabama.—Rain has fallen on six days of the week,
to the extent of one inch and sixty-one hundredths. The
thermometer has averaged 76, the highest being 85 and the
lowest 68.
Madison, Florida.—It has rained on three days of the week,
the rainfall reaching one inch and ten hundredths. The
thermometer has averaged 79, ranging from 68 to 89.
Columbus, Georgia.—There has been rain on three days of
the week, the precipitation being seventy-five hundredths of
an inch. 1 he thermometer has ranged from 69 to 86, avering 78.
Savannah, Georgia.—We have had rain on six days of the
week, the rainfall beiDg ninety-nine hundredths of an inch.
Average thermometer 80,'highest 93, lowest 70.
Augusta, Georgia.—The crop on red lands is in satisfactory*
condition and exhibits considerable improvement over the last
report. In sandy lands, however, rust and shedding prevail,
and the output is likely to be poor. New cotton is coming in
slowly, receipts to date having been 351 bales. There has been
light rain on six days of the week, the precipitation reaching,
two inches and eighty-four hundredths. The thermometer
has averaged 77, the highest being 88 and the lowest 67.
Charleston, South Carolina.—We have had rain on six days
of the week, the precipitation being one inch and ninety-six
hundredths. The thermometer has averaged 79, ranging from
68 to 91.
Stateburg, South Carolina.—Picking has been commenced.
It has rained on five days of the week, the precipitation
reaching sixty-three hundredths of an inch. The thermom..
eter has ranged from 66 to 84. averaging 75*1.
Wilson, North Carolina.—Rain has fallen on two days of
the week, to the extent of eighty-four hundredths of an
inch. Average thermometer 76, highest 86, lowest 68.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock August 30, 1894, and August 31, 1893.

W e a t h e r R e p o r t s b y T e l e g r a p h . —Our telegraphic ad
vices from the South this evening indicate that the weather
has been fairly favorable as a rule the past week. Rain has
fallen at most points. In Texas picking has been retarded
somewhat by the rain. Damage by boll worms and shedding
is reported from a few localities in Louisiana, Alabama and
Texas, and from Georgia, Arkansas and Mississippi there
are gome complaints that cotton in low lands has sufffered some damage as a result of recent rains. From other
points the reports are in general quite satisfactory and
picking is getting under way.
Galveston, lexas.—In general the crop is doing well. There
has been rain on five days during the week, the precipitation
being eighty-two hundredths of an inch. The thermometer
has averaged 78, ranging from 70 to 86.
Palestine. Texas.—We have had showers on two days dur
ing the week, to the extent of twenty-seven hundredths of an
inch. The thermometer has ranged from 64 to 94, averag
ing 79.
Huntsville, Texas.—Cotton od low lands has been damaged
slightly by rain. It has rained heavily on three days of the
week, the precipitation reaching two inches and sixty-five
hundredths. Average thermometer 78, highest 90 and low
est 66.
Dallas, lexas.—The weather here hap been favorable for
crops. Boll worms are reported from a few localities. The
general rains in other parts of the State have retarded picking
somewhat. Fair weather is desirable. So *e corn has been
gathered. There has been but a trace of rain the past week.
The thermometer has averaged 79, the highest being 96 and
the lowest 62.
v
San Antonio, Texas.—The week’s precipitation has been one
inch and fourteen hundredths, on three days. The thermom
eter has averaged 82, ranging from 68 to 96.
Luling, Texas.—Rain has fallen on two days of the week, to
the extent of one inch and twenty-one hundredths. The
thermometer has ranged from 70 to 94, averaging 82.
|
Brenham, Texas.—Cotton is still growing nicely. The
week’s rainfall has been eighty-seven hundredths of an inch,
on two days. The thermometer has averaged 82, ranging
New O rle a n s___
from 70 to 94.
M em p h is.............
Belton, Texas.—The crop is developing finely yet. There N ash v ille............
has been heavy rain on four diys during the past week, the 1S h r e v e p o r t......
precipitation reaching two inches and twenty-seven hun V ick sb u rg ...........




3791

A ug. 30, ’94. A ug. 31, ’93«.
Feet.
Feet.
3-3
3-4
4 3
1*8
12
1-7
1-9
2-5
5-2
0-8

380

THE CHRONICLE.

Voti. LCX.

I ndia. Cotton Movement F rom all P orts.—The receipts
and shipments of cotton at Bombay have been as follows for
th e week and year, bringing the figures down to August 3

Cotton Mill S trikes , &c.—There has been but little
change in the situation at Fall River during the week. Tae
mills controlled by the Fall River Iron Works and the Barnaby
BOM BAY R E C E IP T S AND SH IPM E N T S F O R F O U R YEARS.
gingham mills are being operated under the old scale of
S h ipm ents th is week. Shipm ents since Sept. 1 *
Receipt* •
wages, and the Durfee mill No. 2 and the Seaconnet mills are
t s a r Great C onti
G reat C onti
T his
Since
working at the new rate—ten per cent reduction. It is antic
T otal. Week. Sept. 1.
B r it’n. n en t. Total. B rita in nent,
ipated, however, that the help will leave these two litter when
’93-4 1,000 2,0 0 3.000 48,000 807.000 855,000 5.000 1,814,000
’92-3
2,000 2.000 43,525 801,139 844,664 4.000 1,730.494 the first payments at the reduced rate are made.
’91-2
4.000 4.000 69,003 834,186 903,189 2.000 1,747.638
The Columbia mills and Bennett mills at New Beiford
’90-1
1.000 1.000 103,792 942,657 1,046,449 5,000 2,062,732
started up again at the old wages on Wednesday, giving em
y * F o r y e a rs en ding S eptem ber 1, 1 8 9 4 ,1893.and 1892.
According to the foregoing Bombay appears to show ployment to about one-third of the hands out on strike.
an increase compared with last year in the week’s receipts o
W ilmington’s F irst B ale .—The first bale of cotton of
1,000 bales and an increase in shipments of 1,000 bales, an
the shipments since Sept. 1 show an increase of 10,000 bale-. the crop of 1894-95 was received at Wilmington, N. C., on
The movement at Calcutta, Madras, and other India ports f i Wednesday, August 22. It came from Gibson’s Station, N. C.,
-the last reported week and since the 1st of September, for twc consigned to Messrs. McNair & Pearsall, graded low middling,
years, has been as follows. “ Other ports” cover Ceylon
and weighed 310 pounds. The first bale of the season of 1893-94
Tuticorin. Kurrachee and Coconada.
arrived in Wilmington on August 16, and came from Mullins,
S h ipm ents fo r the week.
Shipm ents since Sept. *
S. C. In 1892 the first arrival was on August 22, from
Great
Conti
Great
Total.
Sumter, S. C., and in 1891 the earliest bale came from Sumter,
B rita in . nent.
B rita in . Continent. Total.
S. C., on the 15th of August.
C a lc u tta -

1893-94...
1892- 9 3 ...
(Madras—
1893- 9 4 ...
2,000
1892-93...
1,000
All o th e rs—
1893 9 4 ...
3,000
1892 9 3 ...

21.000
7,575

87.000
45,152

108.000
52,727

3,000
1,000

5,000
2,000

27,000
19,775

19.000
22,126

46 000
41,901

4.000
5,000

7,000
5,000

39.000
26,375

108,006
84,112

147,000
110,487

214,000
151.390

301,000
295,115

T n a l a ll—
T893-94 ...
5,000
7,000 12,000
87.000
1892-93...
1,000
6.000
7,000
53.725
* F o r y ears e n d in g S ep tem b er 1, 1894 a n d 1893.

The above totals for the week show that the movement from
the ports other than Bombay is 5,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1893, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.

1893-94.

1892-93.

Ship m en ts
to a ll E urope
fr o m —

T his
week.

Since
Sept. 1.*

B o m b a y .. . . . . .
A llo th e rp o rts .

3,000
12,000

855.000
301.000

T h is
week.
2.000
7,000

1891-92

Since
T his
Sept. 1 * week.

Since
Sept. 1. *

844 664
205 115

903,189
195,695

4,000
10,000

T o ta l.......... 15,000 1,156 000
9,000 1,049,779 14,000 1.098,884
* F o r y ears en ding S eptem ber 1 ,1 8 9 4 , 1893 an d 1892.
A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— Through arrange

m ents we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
*tbe movements of cotton at Alexandria, Egypt. The follow ing
are the receipts and shipments for the past week and foi the
"Corresponding week of the previous two years.
A le xa n d ria , E gypt,
A u g u st 29.

1893-94.

R eceip ts ( c a n ta rs* )....
T h is w e e k ....
Since Sept. 1.

E x p o rts ( bales)—
To L iv e rp o o l.............
To C o n tin en t t . . . . . . .
T o ta l E u r o p e .. . . . .

1892-93.

1891-92.

1,000
4,979,000
T h is
Since
week. Sept. 1.

5.118 150
T h is
S ince
week. Sept. 1.

8,000
4,672 520
T h is
Since
week. Sept. 1.

1,000 313.000
1,000 345.000

2,000 314.534
1,000 365,282

1,000 331,687"
2,000 289 063

2,000 653 00

3,000 679,816

3,000 620,750

1894.

d.
d.
5 7s ®6%
5% ®6t8
53
4
5% ®6®i0
®0®i6
»601«

1893.

8 ^ lbs.
Shirtings.
8

4
4
4
4
4
4

. d.

8

. d

7 J«®6
7 ®6
7 it>6
6ts® 6
6 ^ *6
6 ®6

6>s
6
6
5*3
6
6

Oott’n
M id. 32s Cop.
Twist.
Uplds
d.

d.

d.

3 78 6% •®7 ia
31316 6U i6® 7 *a
3 78
3 2 7 ,2 6®s 3738
327;,£ 6Hi6®738
31318i'6% ®738

8 k lbs.
S h irtin g s.
8.
5
5
5
5
5
5

d. s.
7 ®7
7 ®7
7ffl®7
74® 7
7»«a7
7i«®7

d
4hj
4 *a
5
5
4ffl
4fg

Cote*
M id
V pla
d
4*9
4716
4710
4H
4H
428

E ast I ndia Crop .—The first official report of the Agri
cultural Department of India on the cotton crop of 1894-95
was issued at Calcutta on August 30 as follows:
T he yield, as rep re sen ted , is g enerally sa tisfa c to ry , especially in th e
p ro v in ces of P u n jab an d Oudh. I n th e n o rth w e ste rn a n d c e n tra l
p ro v in ces r a in b as in som e cases im peded th e developm ent of th e boll,
b u t a good av erag e crop is expected, exoept ia th e Bom bay an d M adras
P re sid e n c ie s , w h ere th e season h as been unfavorable.




A verages

of

•18 pd. to exoh. 100 Dec. fo r Mch.
•18 pd. to exoh. 100 Oct. fo r J a n .
•04 pd. to exoh. 100 Sept, fo r Oct.
*06 pd. to exoh. 5 >0 J a u . fo r Feb.
•10 pd. to exch. 200 Sept, fo r Nov.
•17 pd. to exoh. 690 Sept, fo r D ec.
•12 pd. to exch. 100 J a a . fo r Mch.
•05 pd. to exch. 200 Oct. fo r Nov.
•22 pd. to exch. 1,000 Sept, f o r j a n .
•04 pd. 'to exoh. 500 Sept, fo r Oct.
•06 pd. to exoh. 100 Dec. fo r Ja n .
•03 od. to exoh. 100 S«pt. fo r Oct.
•12 p i . to exch. 100 Nov. fo r Ja n .
•12 pd. to exoh. 100 Ja u . fo r Mch.

Temperature

and

R ainfall .—A

s

of in ter-

est in connection with our monthly weather record, we have
prepared the subjoined tables, which show.the State averages
of thermometer and rainfall, in April, May, June and July
for six years, 1889 to 1894, inclusive.
April.
thermometer
Averages.

g
¡K

N.CAR’LtNA
1894 (good)
1893 (good)
1892 (fu ll)..
1891 (full)..
1890 (good,'
1889 (good)

May.
«
c*
N

ré

4?

Julv.

Ju n e.

i
>
•3

è»

ré
4?
h»

§

O
)

ré
tu

i

1»

84-2
87-0
77 >
82-5
8;vo
86-0

3 f8
3d-0
29-2
28-5
828
38-4

57*1
62-5
55-0
59‘4
59-3
0P3

90-2
880
80(0
80-0
87-9
9P8

38-8
4P9
44*0
80-3
44-3
39-0

08-2
6 VO
00-8
04-3
69-0
6S-7

9 PS
89-0
93-0
93-4
9P2
9P7

47-0
58-2
58-3
57-1
82-3
50-5

7P1
73-4
7P0
74-8
78-3
73-0

9P6
9395—
89-3
9P2
92-0

59-2
03-0
50-0
57-3
57-4
0i"2

76-3
78-7
75-8
74*0
76-8
78-2

1894 (good) 88\5
1893 (good i 88-e
1892 (fu ll).. 82-1
1891 (full).. • 83v
. 1890 (good) 8rt-6
1889 (good) 8 P m

88V
41-8
87-*
330
42-H
3tV8

02-7
072
024
03U
03'9
64'U

91-3
93-3
90-3
93-8
87-0
95-0

42-3
47-9
47*tf
43'3
47-S
45-9

71-2
70-i
70-1
09-4
71-4
73-3

98-5
92-8
9P4
959 7-8
95-2

51-0
01-3
03*8
02-1
05-4
48-3

77'2
78*0
77M
78-0
80-4
75*5

9P 8
99-8
95-rt
94 9
9P0
«5*3

59*5
05—
0P1
6P2
01-0
00-3

77-3
846
78-9
77U
78-3
79-2

87-fi
87V’
8H-2
85‘8
8P7
85’2

40-8
41*0
88-7
§2"’
43-3
40-0

04-4
07-7
83-3
01-4
04-7
63-4

9P 2
9 PO
89-8
89-7
88-7
92-8

43-8
51-3
4V0
47-8
40 8
45-7

71-4
69-9
7P 8
8 PS
7P 5
7P 0

96 2
9l-3
93-0
90-5
98-7
92 3

55-0
64*0
0V2
05‘7
00-8
47-3

77-5
77-0
78-0
80-2
8P2
73-0

93-8
973
9P5
93-ti
9 7-2
9V2

62-4
69-3
83’^
0P5
80-7
092

78-7
82-9
79-1
78-4
80-0
8V7

87-5
88-ñ
86‘3
86-5
87-8
b?*b

49-8
50-0
4P«
30-8
50-2
45*2

69-8
7P5
09 6
H7-4
70 3
00-8

91-8
90-1.
9 VS
89-8
89'5
92-0

48-3
50-8
53-8
54—
55-3
5V6

74-!
74-8
7P 5
70-8
74-9
73-t)

92-3
9V3
a ro
95-0
94-8
92-4

62-4
060V8
60 •'
00-8
53-2

77-7
7*04
77-3
79-9
80-7
77-1

o ri
90-0
93-8
93-0
9 VO
94-0

09-0
0S-8
08 0
08-0
« 7-0
70'2

79-7
83-0
8 VI
80-0
80-1
80-7

80-fi
8V7
84-9
8.V5
84-2
80’5

4P 2
45 3
89-2
3 n>
40*0
42-0

00-2
08-2
66V)64-9
00-1
04-5

92-7
93-8
89-3
90 5
80 9
83-5

46-3
50-5
40'5
4V3
48'ft
43'0

72-8
72'rt
7P3
09-5
7P 8
70-2

98-2
90-1
95**
9?*5
«4*7
9P 0

53-9
BPS
02-3
03 3
02-5
50-8

78-a 9 3 0
78-8 10 P3
78*5 «5*u
80-3 S)3"0
79-6 9V9
70-s 90-3

65‘0
08-5
65 »
8^*5
07—
08-0

Á9-8
85-0
78-3
7V9
8V4
80-0

88-2
87-,87-0
87-0
8.V3
88-e

43-2
40'"
45-9
33-7
47-0
49-7

09-3
70-1
07-2
04-9
68*4
68-6

9P8
9P8
9P 2
90-4
90-3
80-0

48*4
53'2
44-0
40-0
50-8
49‘ 1

71-0
73-3
74-1
72-0
73-7
7P9

931
93'8
95*8
97-0
94-3
929

56-2
03-0
57—
0V3
03-2
52-5

77-1 100-0 62-8 8V0
79-4 97-b 67-8 83-0
79-0 9V4 04— 79-8
Sl-o 95-2 03"» 8V0
7<03 97-0 04-5 8 P 0
70-9 93-0 70*2 8P 9

1894 (good)
1893 (good)
1892 (full)..
1891 (full)..
1890 (good)
1389 (good)

88-2
8v7
bPtt
87-0
8P 2
81-4

42-0
40'5
41-7
29-9
44'8
42-0

0P4
68-4
05-1
04-0
03-9
03-5

9P6
9 2-0
90-0
90-4
84-4
89-7

42 7
47-7
43-3
41-9
40-2
43 7

09-7
7P4
7 '> )
H
09-0
89-7
67 ?

99 5
93-3
901
971
97-1
90 7

43-7
00 1
50-0
02 4
62-7
40-0

70-5 I W d
77-1 9 VI
7 7*4 9V0
STO 91’$
79 4 97-7
73-3 93-0

1894 (got
1893 (got
1892 (fu l
1891 (ful
1890 (goc
1889 (go.

88-6
89*0
87-0
8H-7
88-7

33-2
35*tf
37-0
2 v3
39-7
Hi-7 4P0

03-0
04-8
«1-7
03-2
02'O
03-4

90-2
88-0
83-0
83-0
87-7
88-0

41-8
40-8
42*6
44-7
4V7
42-3

09-9 100-0 48-0 77-1 102-0 57-0 7V3
08-5 93-8 57-0 7 Vi 98-0 04-0 80-5
681 9V5 52-0 77-1 97-8 62-0 79-0
07*4 93-7 e v o 78 1 9P 8 58-4 70-8
09-4 96-7 60-7 79-1 9 0 0 01-7 80-8
04-8 9P8 49-7 72*7 95-3 02-3 79-9

ss-s
80'5
82*..
85‘5
81-8
88‘3

30-0
84-3
83-7
3P8
37-8
35-8

00-4
03V
60-4
0P7
58-3
58"5

89-0
83-0
83*3
87-x
88-5
89-7

41-8
45-8
4P8
40V4P 3
43 0

80-2
00-5
07-9
8 VO
0P4
0d-3

97-8
83-9
90-3
93-8
9V5
89-3

43-5
50-8
58-8
60-7
63-8
47-3

70-0
759
77-1
78-0
80-3
72-2

91-0
91-5
8W4
85-6
85'U
85-8

47-1
43-1
43*0
37-1
47-7
48-0

70-2
70-9
03*5
00-5
07-0
03-5

9P2
91-4
93-1
89 3
88-5
90 1

53-0
49? 1
40-0
19"5
50-0
47-7

750
73-9
73-1
7P5
70-9
70-1

97-0
97-1
98-4
93-5
96*1
9P4

59 4
0P 6
53 3
03-9
00-5
00-2

79-3 103-0 64-0 8 P 8
79-7 97-0 70-3 85-0
M
7.8-4 97-0 6 V 82-3
8P 9 9VÚ 05-1 83-4
80-2 97-5 «0 1 83*8
70-0 97*7 07-0 8 P 9

B, C A R ’LINA

18*4 (good)
1893 (good)
1892 (fu ll)..
1891 (full)..
1890 (good)
1889 (good)

Fl o r id a .

This statement shows th at the receipts for the week ending
Aug. 29 w ere-----cantars and the shipments to all Euro; e
2,Out) bales.
Manchester M arket. —Our report received by cable to 
night from Manchester states that the market is firm for
both yarns and sheetings in consequence of stoppage of
spindles during the holidays. We give the prices for to-day
below and leave those for previous weeks of this and last year
¿or comparison:

J ’y 27
.A ug.3
“ 10
“ 17
“ 24
«* 31

39 pd. to exoh. 400 Sept, fo r Mch.
•43 pd. to exch. 1.000 Aug. fo r Mch.
•19 pd. to exch. 700 Sept, fo r Deo.
•go pd. to exch. 200 Sept, fo r Dee.
•35 pd. to exch. 700 Aug. fo r Feb.
32 pd. to exch. 400 Oct. fo r Mch.
•32 pd. to exoh. 200 S ept fo r Feb.
;07 pd. to exoh. 1,800 Sep. fo rO et.
•07 pd. to exch. 600 Dec. fo r J a u .
•go pd. to exoh. 300 Sept, fo r Deo.
•13 pd. to exch. 600 Sept, fo r Nov.
•06 pd. to exch. 100 Sept, fo r Oct.
•25 pd. to exch. 500 Sept, fo r Ja u .
•12 pd¡ to exch. 200 S6pt. fo r Nov.
*1L pd. to exch. 800 Sept, fo r Nov.

GEORGIA.

t Of which, to A m erica in 1893-94, 25,800 bales; in 1892-93, 38,765
bales; ia 1891-92, 25,673 bales.
N o t e .— T otals since S ep tem b er l cover th e fa ll y ears 1893-94,
1892-93 an d 1891-92.

3 2 f Oop.
Twist.

E xchanges.—The following exchanges have been made
during the week :

1894 (good)
1893 (g o o d 1
1893 (tu b )..
1891 (full)..
1890 (good)
18a9 (good)

1894 (gooi
1893 (gooi
1892 (full
1891 (fa ll
189 ) (goo‘
1889 (goo1
Lo u i s i a n ,
1894 (g )Oi
1893 (goo
1892 (fu ll
1891 (f u ll
1390 (gooi
1889 (gooi
M IS SIS SIP PI

T.ENNESSÏ

1894 (goc
1893 (goc
1892(fu l
1891 (fu l
189 ) (go.
1889 (goc

Te x a s .

1894 (goc
1893 (goc
1892 (ful
1891 (ful
1890 (goc
1889 (goc

958
90-0
9V0
92-5
97-8
930

5?-3
H0 1
«su
58-7
0 V1
03‘5

6Ì-0
03-2
03'1
5 VO
00-8
02-8

79-1
8P 8
79'1
77-7
81U
78-0

76-0
80-6
77*4
73-2
79-5
80-8

GF* The w ords “ fa ll ” an d “ good,” above m e a n t h a t th e a g g reg ate
orop fo r th e v e a r w as full o r good.

Septem ber

THE

1, 1894. J

J ute B utts, B agging, &c.—The market for jute bagging
has been easier the past week and demand light. Quotations
this evening are 6c. for 1% lbs., 6%c. for 2 lbs. and 7J^c. for
standard grades in a jobbing way, but orders for round lots
could be placed on a lower basis. Quotations for car-load
lots of standard brands have also ruled steady at 6c. for \%
lbs., 6%c. for 2 lbs, and 7^c. for 2\£ lbs., f. o. b. at New
York. Jute butts are dull and nominal on the spot.
E gyptian Cotton Crop . —The following resume of reports
on the cotton crop in Egypt was issued by the Alexandria
General Produce Association under date of July 31:
The g re a t h e a t, esp ecially of th e e n d of J u ly , coupled w ith re g u la r
irrigation, h as fav o red th e g ro w th of th e co tto n tre e s. B lossom ing is
general an d ab u n d an t, a n d alread y bolls in g re a t n u m b ers a re to be
seen in m an y lo calities. We estim a te th a t tw o-thirds of th e crop is
about fifteen day s in ad v an ce of 1893, w hile in th e o th e r th ird the
condition of th e p la n ts is a t least eq u al to th a t of la s t y ear. N ever
theless considerable a n x ie ty w as caused by th e re-appearance of
worm s, a n d th is tim e th e a tta c k w as m ore serious th a n th e previous
one. The p ro v in ces m o st affected w ere th e G alioubieh, O harkieh an d
Menoufieh, w h ere som e localities h av e suffered dam age. The h ig h
tem p eratu re of th e en d of J u ly seem s to h a v e h arm ed th ese in sects,
as th e re d im in u tio n is g en erally re p o rte d . U pper E gypt an d th e
Fayoum co n tin u e to be e x em p t from th e a tta c k s of th ese worm s. The
Nile is risin g satisfacto rily , w hich assu res an easy and a b u n d a n t
irrig atio n fo r th is y ear. Such is th e situ a tio n a t th e e n d of th is m o n th ,
which in sp ite of th e ap p e a ra n c e of th e w orm s co n tin u es to be consid
ered as v ery good. E v ery th in g , how ever, depends on th e atm ospheric
influences a n d th e circu m stan ces fa v o ra b le or ad v erse w hioh th e
coming m o n th s h a v e in reserv e fo r us.
Shipping N ew s .—The exports of cotton from the United

States the past week, as per latest mail returns, have reached
15,800 bales. So far as the Southern ports are co n cern e, theso
are the same exports reported by telegraph and published in
the Chronicle last Friday. W ith regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total bale».
New Y o r k —T o L iverpool, p e r ste am er Cevie, 1,569......... ......... 1,569
1,576
To H ull, p e r steam er M artello. 1.576 ................. . .................. .
To H am burg, p e r ste am er P russia, 149................ ....................
149
To A n tw erp , p er ste am er N oordland, 2 1 7 ...... ............. ..........
217
.............. . ..
200
To G enoa, p er ste am er F u ld a. 290 . . . . . .
To N aples, p e r steam er K ro n p rin z F rie d rich W ilhelm , 7 5 ...
75
New Orleans — L iverpool, p e r ste am er F lo rid ian , 4 ,5 8 0 ___• 4.580
To
To B arcelona, p e r ste am er J u a n F orgas, 4,847.................. .
4,847
Nor folk —To H am b u rg , p er steam er B ritish K ing, 2 ,5 2 0 ....... . 2,520
Boston—To Liverpool, p er ste am er A nglom an, 67..................... .
67
t o t a l ... . .

.

................... ...................... ................... 15,800

The particulars of these shipments, arranged in our u* al
form, are as follows:
B rem en
Genoa
Liver< Ham- An/6
a n a B arce-.
pool. H ull. burg. werp. Naples. Iona.
149
217
275 ........
New Y ork.............. 1,569 1,576
N. O rleans.............. 4,580
.......
........ ....................... 4,847
N orfolk............................................... 2,520 .....................................
B o sto n .....
........
67
............................ ................................
T o t a l . . . . . . . ........

6,216 1,576 2,669

217

275 4,847

881

CHRONICLE.

Total.
3,736
9,427
2,520
67
15.800

Spot.

S a tu rd a y M onday. T uesday. Wednes. T h ursd’y. Frida*

M arket, \
S m all
t:4 5 p. m . J In q u iry .

S te a d y .

M o d e ra te
dem and.

F a ir
b u sin ess
d o in g .

S te a d y .

H a r d e n ’g
te n d e n c y .

Mid.Upl’d s.

32732

32732

31318

31316

3 i 3 ie

313le

S a le s...........
Speo. & exp.

7,000
500

10,000
500

10.000
1,000

12,000
1,000

10,000
500

10,000
500

S te a d y .

Q u ie t a n d
s te a d y a t
2-64 d ee.

Q u iet.

Q u ie t a t
1-64 d e 
c lin e .

S te a d y a t
1-64 a d 
v an c e.

B are ly
ste a d y .

B a re ly
s te a d v.

Q u ie t an o
«teadv

8 te a d y .

Q u ie t.

Futures.
te
a
M arket, ? Sp aa d y lly t
rtia
1:45 P. M .) 1-64 a d v .
M arket, \
4 P. M. $

Q u ie t.

The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
che basis of Uplands, Low Middling clause, unless otherwise
stated:
jg§r The prices are given in pence a n d 64 the.
3 63-64«, a n d 4 01 m eans 4 l-6 4 d .
S a t,, A u g . 3 5 ,

M o n ., A u g . 2 7 ,

Open High Lou). Olos. Open High Lou. Oit'
4.
A u g u s t.......
A u g .-S e p t..
S e p t.-O c t...
O o t.-N o v ....
N o v .-D ee...
D ec.-Jan ....
J a n .-F e b ..
F eb.-M oh ..
M ch .-A p ril.
A p rll-M ay ..

A.

3 49
3 49
3 48
3 48
3 49
3 49
3 51
3 62
354
3 55

3 50
3 49
3 48
3 49
3 49
3 50
3 51
3 53
3 64
3 56

d.
3 49
3 49
3 48
3 48
3 49
3 49
3 51
3 52
3 54
3 65

d.
3 50
3 49
3 48
3 49
349
3 50
3 51
3 53
3 54
3 56

W ed ., A u g . 3 9 ,

A.

A.

3 49
3 49
3 48
3 49
3 49
3 50
3 51
3 53
3 54
3 50

3 50
3 49
3 49
3 49
3 50
3 50
3 52
3 53
3 54
3 56

T u s s ., A u g . 2 8 .

Open High Low. Olos.
4.

a:

3 49
348
3 48
3 48
3 48
3 49
.3 51
3 52
3 54
3 55

T h u s : 3 63 m ea n s

3 49
3 49
3 48
3 48
3 49
3 50
3 51
3 53
3 64
3 56

V tiu ra ., A ug 3 0 .

3 47
3 46
3 45
3 40
3 46
3 47
3 48
3 50
3 51
3 53

. d.
3 47
3 47
3 46
3 46
3 47
3 47
3 49
3 50
3 52
3 53

A.

3 40
3 46
3 45
3 45
3 46
3 46
8 48
3 49
3 51
3 52

3 47
3 46
3 46
3 46
3 46
3 47
348
3 50
3 51
3 63

F r l ., A u g . 3 1

Open High Lou. Olos. Open High Low. Olos. Open High Low. O'!»»,
i.
A.
t.
A.
A.
a.
a,
4.
A.
A.
d.
d.
A u g u s t.......
A u g .-S e p t..
S e p t.-O o t...
O ct.-N o v ....
N o v .-D e e...
D eo .-Jan ....
J a n .- F e b ....
F eb .-M ch ..
M ch.-A pril.
A p rll-M ay ..

3 47
3 46
3 45
3 45
3 46
3 46
3 48
3 49
3 51
3 52

348
3 47
3 46
3 45
3 46
3 47
3 48
350
3 51
3 63

3 47
3 40
3 45
3 45
3 46
3 46
3 48
3 49
3 51
3 52

3 48
3 47
3 46
3 45
3 46
3 47
3 48
3 60
3 51
3 53

3 47
3 46
3 44
3 44
3 45
3 46
3 47
3 48
3 50
3 52

3 47
3 47
3 45
3 45
3 46
3 46
3 48
319
3 51
3 52

3 47
3 46
3 44
3 44
3 45
3 46
3 47
3 48
3 50
3 52

3 47
3 47
3 45
3 45
3 46
3 46
3 48
3 49
3 51
3 52

3 47
3 40
3 46
3 46
3 47
3 47
3 4k
3 51
3 52
364

3 48
3 47
3 47
3 47
3 47
3 48
3 49
3 51
3 53
3 54

3 47
3 46
3 46
3 46
3 40
3 47
3 48
350
3 61
3 53

348
3 47
3 46
3 46
3 47
3 47
3 49
3 50
3 52
3 53

B R E A D S T U F F S.

F r i d a y , August 31, 1894.
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
The market for wheat flour has been dull and featureless.
the latest dates:
Buyers have shown little or no interest, and while prices have
not been lowered any, the general feeling has been easy, par
N e w O r l e a n s —T o H am b u rg —Aug. 30 - S team er M arkom annia, 155.
To B arcelona—Aug. 27 S team er C atalina. 6 8 4 .
ticularly for spring grades, the shrinkage in the movement of
B o s t o n —To L iv e rp o o l-A u g 2 5 — team er Sachem , 4 . . ...A u g . 28 S
winter-wheat having a tendency to steady the market for
S team er B ostonian, 1.
winter grades to a limited extent. Rye flour has been firmly
To Y arm outh - Aug. 28—S team er Y arm o u th , 101.
B a l t i m o r e — Co L iverpool Aug. 2 2 —S team er Rossm ore, 236.
held owing to scarcity of supplies. Demand, however, has
To B rem en -A u g . 2 9 — team er D resden, 5.
S
been quiet. Cornmeal has been in slow request, but prices
Cotton freights the past week have been as follows:
have been firmly maintained in sympathy with corn. To-day
the market for wheat flour was dull and unchanged.
! S a tu r.
Fr>
Mon.
Hues. Wednes. Thurs.
There has been very little spirit to the speculative dealings
in the market for wheat futures, and prices have made mod
L iverpool, ste am .d
116
a16
X16
332
332
332
erate declines under general selling,
....
Do
la te r., d.
....
.... pressed foreign advices and a heavy prompted by dull and de
3 ¡2
332
332
movement of the crop at
211
211
2 lt
H avre, ste am .. d.
21t
21+
21t
Western op
.... the Northwest.; Yesterday, however, buying byfrom bottom
Do
s p o t ___.d.
....
....
....
erators for a turn caused a slight recovery
20+
20t
Brem en, s te a m , .d.
20t
201
20t
20+
In the spot market shippers
moderate
..
Do
l a t e r . . . d.
....
....
.... prices. but at reduced prices to conformhave been decline in
buyers,
with the
H am burg, steam d .
*e
*8
*s
*8
%
*8
The sales yesterday were
winter
....
... . ... futures. over September delivered. mainly No. 2 red a large
Do
la te r., d.
...
at l-16c.
To-day there was
25+
Ams’dam , steam .e.
251
25t
25+
25+
25t
switching trade from the early to the distant months, to avoid
Reval, v ia H u ll.d .
532
“ «4
533
B32
1164
deliveries. Prices advanced a trifle in sympathy with corn.
Do v. H am b d.
3i«
53i>
5*
5 12
3ie
3 16
The spot market was quiet but steady. The sales included
B’lona, d ire o t. d.
316
S16
310
3J6
316
3I6
£o.
No. 2 red winter at September price to % over September de
9 4
Genoa, s te a m ...d
964
9S4
961
9- 4
964
livered.

Do v.M ’s’l’s.&c.d.
28t
T rieste, v.G enoa.d.
n «4
A ntw erp, ste a m .d .
3 S2
t C ents n e t p e r 100 lbs.
L i v e r p o o l . —By cable

28t

28+

281

U 64

U 64
339

28t

28 +

3w

l l >4
3S2

n 64
3 S2

from Liverpool we have the following
statement of the week’s sales, stocks, &c., at th at port:

DAILY CLOSING PRICES OF NO. 2 RED W INTER W HEAT.

Sat.
Septem ber d e liv e ry ......o . 58*9
«
O ctober d eliv ery ....... ..C. 5 9 1
December d eliv ery . . ..e . 61%
May delivery..— . —

Mon.
583s
593s
615s
66*9

Tues.
57 78
58 7s
61*s
66*8

Wed.
573s
58*9
60%
S o 5»

Thurs.
5734
53%
61*s
66*8

F ri
58
59
61%
66*s

Trading in the market for Indian corn futures has been
quiet and prices have been more or less unsettled.
Early in the week the tendency was towards a higher
cover contracts, stim 
35.000
50,000!
Sales of th e w eek........ .. b a le s.
53.000
55.000 basis, with shorts buying to
1,400
3.000
1,800
Of whioh e x p o rters took
2,700 ulated by strong foreign advices and light supplies. Theu
Of whioh sp ecu lato rs took ..
200
200
200
900 came a reaction, principally in the distant deliveries, due to
31.000
Sales A m erican ......... ..............
44.0001 42.000
45.000
10.000
10, 000!
1 0 .0 0 0
4.000 realizing sales by “ longs,” prompted by reports of some im
A ctual e x p o r t................... . . . . .
40.000
47.000
F orw arded....... ................. .
55.000
47.000 provement in the outlook for the growing crop. Later the
Total stock—E stim a te d ......... .. 1,164,000 , 112,000 1,063,000 1,032,000 market again turned stronger on renewed buying by shorts
Of w hich A m erican—E stim ’d 976,000 933,000 894,000 858,000 to cover in consequence of the limited movement of the crop
9.000
13.000
8,000
20.000
Total im p o rt of th e w eek .........
In the
6.000
Of whioh A m erican . . . . . . . .
5.000
e,ooo
8.000 and the concentration of supplies into a few hands.
25.000
25.000
27.000 spot market offerings have been small and prices have ad
31.000
Am ount a f lo a t..........................
1 5 .0 0 0
15.000
21.000
Of w hich A m erioan..............
17.000 vanced. Yesterday the ¿ales included No, 2 mixed at
The tone of the Liverpool market for spots and futures ea< h 63J^c. delivered and No. 2 white at 632^0. f. o. b. afloat. To
day of the week ending Aug. 31, and the daily closing prices day the market advanced on general buying, stimul .ted by
estimates of a large shortage in the world’s crop. The spot
of spot cotton, have been as follows:




A ug. 10

A ug. 17.

A ug. 24

A ug. 31

THE CHRONICLE.

882

[V O L . L I X

t
market was firmer but quiet. The sales included No. 2 business is quieter at she advance, sellers ate firm and even
mixed at 632^@64c. delivered and No. 2 white at 633^c. deliv talking of the probabilities of a further rise. Bleached shirt
ings in medium and fine grades are firm with fair sales.
ered.
Good sales of brown sheetings in all weights are reported, and
DAILY GLOSING PRICES OP NO. 2 MIXED CORN.
some sellers who hate hitherto been easy to deal with are
Wed. Thurs. Fri
Tues.
Sat. Mon.
62% holding for a slight advance on their previously low prices.
611«
60%
61
S ep tem b er d eliv ery ....... o. 6018
61
62
601«
60
59%
.0.
O ctober d e liv e r y ___,.o . 591«
60i8
Amoskeag checks and stripes, Otis checks and Columbian
571«
58
56%
5718
D ecem ber d eliv ery ....... .0. 5738
o.
575g
cheviots have been advanced %c., and colored cottons generally
57
561«
56
55 78
,0.
M ay d eliv ery ...................o. 5638
5658
Oats for future delivery have attracted a fair amount of in are steadier. Denims are unchanged in price, but stocks
terest and prices have declined under _liquidating sales by have been considerably reduced and the demand still con
“ longs,” prompted by rapidly increasing supplies due to a tinues good. Wide sheetings show an upward tendency, with
heavy movement of the crop. Thursday, however, there was fair sales, and a steady business is reported in cotton flannels.
a partial recovery on moderate buying, principally by shorts More business pâssifig in white goods for spring. Fancy Cali
to cover contracts, stimulated by an advance in wheat and coes are active and largely sold ahead, orders to arrive nowcorn. The spot market has been weaker under free offerings. being taken at value only, with an occasional advance of %c.
At the concessions trade has been fairly good. The sales in specialties. Other printed fabrics firm with good sales.
yesterday included No. 2 mixed at 83^c. in elevator and Dress ginghams in improving demand and good sales Gf
No. 2 white at 36c. in elevator. To-day the market was fairly staples reported, with an upward tendency. Lancaster
Print cloths have advanced ^ c . to
active and prices advanced in sympathy with corn. The spot staples àdvancèd
market was fairly active and firmer. The sales included 2%c. for extras, with fair sales, ând sellers refusing to go on at
No. 2 at 333*2@33%c. ^ elevator and No. 2 white at 36%c. in the close. The situation at Fall River is unchanged, nearly
âll the mills being idle.
elevator.
DAILY CLOSING PRICES OP NO.
Sat.
Mon.
3358
0. 33%
34 5q
o. 34%
355g
0. 351«
0............
D ecem ber delivery.
39
0............
M ay delivery. . . . __

2 MIXED OATS.
Tues. Wed. Thurs.
331«
33
333s
341«
343s
34
35
3 5 1«
3538
361«
36
39
381«
39

F ri
34
35
36
37
391«

The following are closing quotations:
PLO UE.

F in e ........................ « bbl. $1 75®S1 90 P a te n t, w in te r .............. $2 75® $3 25
3 45
Superfine ............................ 1 9 0 ® 2 1 0 City m ills e x tr a s .........
E x tra , No. 2 .................... 2 00® 2 25 R ye flour, superfine.. 2 70® 3 00
E x tr a , No. 1 ..................... 2 20® 2 40 B uckw heat flo u r ......... ____ ® . . . .
2 30® 2 50 C orn m eal—
C lears.................... .
W estern, &o............ 2 85® 3 10
S tra ig h ts ..................... 2 55® 3 50
3 20
B ra n d y w in e ................
3 50® 4 00
P a te n t, sp rin g ............
[W heat flour in sacks sells a t prices below th o se fo r h arre ls.]
G R A IN .

0.
0.
Corn, p e r h u sh —
0.
c.
W heat—
W est’n m ix e d ...... 62 ® 65
S pring, p er h u s h .. 54 ® 68
No. 2 m ix ed .............. 63 ® 64
R ed w in ter No. 2 .. 58 ® 59%
63 ® 65
W estern yello w ..
R ed w in te r ................ 52 ® 60
W estern W hite ___ 62 ® 65
W h ite ............................. 53 ® 60
R ye—
O ats—M ixed,per bu. 33 ® 35
W estern, p e r bush. 49 ® 53
W h ite .............................. 361«® 41
....
S tate an d J e r s e y . . ____®
No. 2 m ix e d .............. 331«® 34%
....
B arley—No.2 W est’n ____®
No. 2 w h ite ................ 36%® 37%
....
S ta te 2-row ed....... ___ ®
8 ta te 6-row ed....... . . . . ® . . . .
jy

F o r o th e r ta b le s u s u a lly g iv e n h e re see p a g e 3 6 0 .

THE

DRY GOODS TRADE.

N ew Y ork , F riday , P. M., August 31,1894.

1894.
¡Stockof P r in t Oloths—
A ug. 24.
H eld b y P ro v id en ce m a n u fa c tu re rs . 267,000
F all R iv er m a n u f a c tu re rs .. . . . . . . . . . 683,000
T o ta l sto c k (pieces)............... —. 950,Q00

1893.
A ug. 25.
177.000
480.000

1892.
A u g . 26.
N one.
N òne.

657.000

None.

D omestic W oolens.—There has been a good business done

in men’s-wear woolens and worsteds for spring, both in low
grades as previously opened and in finer qualities opened since
the new tariff became law. Clay worsteds have had most
attention paid to them; the new prices are based on 80c. to
823*jC. for 12 oz. makes, which is 1734 to 20 per cent below last
season and nearly down to the level at which foreign Clays
of same weight are being offered at. Some new lines of fancy
cassimeres from $1 50 to $1 75 have done well and there is a
good demand for plain serges at from 65c. to 85c. Low-grade
cheviots sell from 35c. to 60c. as a rule. Heavy-weight goods
were in quieter request, but are well sold in most reputable
makes and in small supply of any kind. Light-weight over
coatings in better demand with moderate re-orders for heavy
weights. Cloakings sell steadily. Cotton-warp cassimeres
in very fair request for spring ; satinets quiet. Dress-goods
in good re-order demand in both staples and fancies. Flan
nels and blankets firm.
F oreign Dry Goods.—Importers have been busily occupied
in clearing goods from bond, and with larger opportunities
offered buyers have done a much better business, although
prices have not in all directions yet settled down to new tariff
basis. Woolens have again been liberally dealt in, and next
to them hosiery has r robably shown best results. Silks, lin
ens, ribbons and laces all in improved demand.
Im portations an * W areli use W ithdraw als o f Dry G< o d s .

©©
-J rf*
<0
15

HMMtOH
OQOOO<1
MC O COO
Ci
o too taco
OCIOWO

to c o

coco

t a c c o ta

Th^ value of the New York exports since January 1 has ca W f to_^y y
oo
o I cc M b>oo taw
been $7,708:267 in 1894 akainst $5,760,430 in 1893.
© CÏ1 tO it* M
ci
The influence of the print cloth situation is seen in a pretty y î o o i ©JOf-^tO
©jf*
b
general advance of J^c. in low grades of bleached goods and in M O'* ooVnot’o
o cota CO © Ci © 00
it*
an advance of %c. to }£c. in kid-finished cambrics,and although i* I © ta i-‘ton*c>




©
9
0
to

H
HHtoV
©<JCRG0*-*
h H© tf*©
to
H ©CR©©
C H C p>W
R R
VVCR©H
H © © 00tO
-J©<1HCR

ooooow co
C0G005<1C0

© to © © © -te

CR COCR00 H
T » © t a 05 go

0**©I^CR

H G COCO H ,
O

OO^CO^CR
ranco C g
Ro

.«■J

H COCO00 ©

9m
GO- 4 H t a CO
t a co ao go co

rf*C G 00H
RO

> -* © © © 0 0

H HH
©pOOCR©
©Orf*H©
C C tO ©
RO

CO— © H CO
1

4,496,594
3,398,494
4,062,436
2,792,549
831,915

116,875

vdcr
v
o

ta ta c m ta
£.©HQ0I^
Mfc-O^QO
Qo'*~j'taoio
iWXIvlHM

rf*CR

-1

5,852

OCOOOO
W C l GO MOO
WO-4O00

5,765,623
2,928,258
4,310,861
2,303,208
603,156

07,075
19,800

COCR

185,804
97,571
193,893
62,200
36,707

169,639
T o ta l................................... 5.398
* F ro m New E ngland m ill point» d irect.

5,267
585

to p

66,117 15,581,988
519,677 38,800,880

151,251
18,388

2,730
1,038
21,851
4,236
7,742
5,933
12,946
1,497
3,097
34,146
1,859

1 585,794 1 54,382,868

3,798
1,600

71
39
2,552
200
350
9
440
46
75
1,367
118

518,713
427,489

T o t a l . . . . . ....... ... ...............
China, v ia V ancouver*__

Week. Since J a n . 1.

2,118
2,311

Week. Since J a n . 1.'
■
4,157
150
G reat B rita in ..... ................ .
2,182
55
O ther E u ro p ean .....................
65,610
China . . . . . ............................ 1,105
5,549
150
I n d ia ........................................
15,126
A rab ia......................................
5,123
2
A fric a ............ ................... .
11,884
287
W est In d ie s........................
1,312
15
M exico............................ . . . . .
5,566
419
C en tral A m erica....................
32,269
South A m erica....................... 1,649
2,473
16
O th er C ountries............... .

tooico<>
0000103
-500-JOO
o to C 01w
O
to c o V i V hV
H tO ci it*co oto
<IH OOMWW
_

54,696 15,911,106'
579,199 75,131,217

Aug . 28.

! 633,895 1 91,042,323 1 4,429

to

M a n u fac tu res of—
W ool ...................................
C o tto n ...................
S ilk ,.......................
F l a x ......................
M iscellaneous.........

576,175
1,146,977

T o ta l m a r k e te d . . . . 1 6,261

1893

1894.
N ew Yo r k

T o ta l w ith d r’w ’ls
E n t’d f o r con su m p t

There has been a good business done this week in staple
and
and fancy cottons and in woolen goods. Buyers have been in at The importations weekwarehouse withdrawals of dry goods
this port for the
ending
1,
the market in large numbers, making one of the best week’s 1894, and for the corresponding August 30, and since Jan. as
periods of last year are
attendance on record, and there has been a constant supply of
good orders through mails and by wire from salesmen on the follows:
S
g
K
£
road and from customers direct. It is a good feature of the situ
B
P
ation, so far as cotton goods go at all events, that there is still
2 8 Set-g d
»
P*o
little disposition to go far ahead of requirements, large
f»
O
individual transactions being exceptional and the itn
provement, so far as it has gone, is thus directly attributable
0
to growing current requirements and not to any speculative
o .•
n
0;
dealings. There have been advances quoted in both staple
B:
and fancy cotton goods and in a quiet way prices have hard
ened in other quarters where sellers were previously easy to
HH
deal with. Print cloths have advanced ^ c . and have the ap
O co 05 00 0
PUHHOi
s5
W
M©
*
to © cr © co
©© Ï |P .tO < K II< *
pearance of going still higher, and to this some of the higher
C rf* ,H005 0C<I
O Q OlGO-i it*
to H ► H >
"
-*
-*
©to ! w®oo>-‘i*
*
l
coco
prices for finished goods are directly due; but some goods not
H
rts
H H CO <-* CO
in the least allied to print cloths have advanced also and
<1
i
MMfcStO
HO Oi CJ< 0 5 1-* S*
©CRW ©H
to
HCR fcs<rwHQo
solely on their own merits. The average of prices has thus
w
©CR
'© go'© '© ©
H
been improved, with important leading lines moving upward,
COO OOD-StOW
Ol COCO0 0 ©
C
R
-40 tacobs-Jbs
«
00 H CR •* ! ©
*
to
although stocks of the latter are reported in excellent shape.
W
-3H OlOOQOW
The general tone of the market is good.
C
O
H HH
hhmm
D omestic Cotton G oods.—The exports of cotton goods
WOiOl^W
05 t a CO05 05
toVltoCi©
from this port for the week ending Aug. 28 were 3,79a
V coo oi w
© H 03 © 00
CR rf* CO— CO
4
tOOOOOO-J
H ©© ©
© to © © to
packages, valued at >176,536, tneir destination being to tbg
^ ta co o i to
points specified in th >table ei "

pÜTCRj^p J
©Vio V io a
h © © co — tt
i-çe.
p © w ©ta |è
low la'©© I ^
ta CRCR 00 CR

co ta C V ©
r »
C0rf*©©CR

0 0 © -4 C R r f * ______

S eptem ber 1 1894,]

S

ta t e

aw p

C ity P E fA ftT M ^ W T ,

TERM S OF SU BSCRIP TIO N .
Commercial and Financial CHRONICLE con
tains 4 0 to 6 4 pages, published every week,
State and City Supplement of CHRONICLE con
tains ISO pages, published periodically.
investors’ Supplement of CHRONICLE (a Cyclo
paedia of Railroad Securities) contains 1 6 0 pages, published
every other month.
________
Subscription to CHRONICLE for one year 6 1 0 .0 0 ,
which includes every issue of both S u p p l e m e n t s .
Terms of Advertising—(Per inch space.)

One t i m e .................
$3 50 I T nree M onths (13 tim es) ..$ 2 5 00
One M onth
(4 tim e s)..
11 00 8 ix M onths
(26 tim e s).. 43 00
Two M onths
(8 tim e s).. 18 00 | Twelve M onths (52 tim e s).. 58 00
(The above te rm s fo r one m onth an d u p w ard are fo r sta n d in g c a r d s .)

file purpose of tills State and City Department
is to furnish our subscribers with a weekly addition to ar\d
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible. Hence if every Subscriber will note in his S u p p l e 
m e n t on the page designated at the head of each item a
reference to the page where the item in the C h r o n i c l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
Boston’s Valuation and Tax Rate.—According to the
Assessors’ official report made public this month the total
assessed valuation of the city of Boston for the year 1894 is
$928,092,456 and the tax rate has been fixed at $12‘80 per $1,000.
The valuation of real estate for this year is $723,728,750 and
shows an increase of $15,966,475 on the returns for 1893. The
valuation of personal property on the other hand has been cut
down by $11,967,770 since last year, the figures reported at
present being only $204,363,706, which is less than they have
been since 1890. Taking the total real and personal valuation
the gain on the total for last year is found to be $3,998,705.
Of the loss in personal property $3,253,600 was in the tenth
ward, $2,017,900 was in the eleventh ward, $1,847,500 was in
the twelfth ward and $1,115,400 was in the ninth ward.
One of the most remarkable features of the report is the list
of polls, which shows a gain of only 40 during the year. The
usual yearly increase has been between 1,000 and about 4,000.
Last year, for instance, the increase in the number of polls
over the total reported in 1892 was 3,382. The very slight in
crease this year indicates in a striking way the check which
there has been to the growth of the city. No doubt the finan
cial depression has been to no small degree the cause of this
comparative standstill as well as of the loss in the valuation
of personal property, and it is needless to say that the same
condition of affairs obtains to a greater or less degree in most
of the large cities of the country.
In the following table the valuation figures for 1894 are
given in connection with those for previous years, which are
taken from our S t a t e a n d C i t y S u p p l e m e n t .
-------------------- Assessed V aluation.-------------------.B a te o fT a x
Tears—
Real.
Personal.
Total.
per $1,000.
1 8 9 4 ...............$723,728,750
$204,363,706
$928,092,456 $12-80
1 8 9 3 ............ 707,762,275
216,331,476
924,093,751
12-80
1 8 9 2 ........... 680,279,900
213,695,800
893,975,700
12-90
1 8 9 1 ............. 650,238,375
204,827,700
855,066,075
12-60
202,051,525
822,041,800
13-30
1 8 9 0 ............ 619,990,275
1 8 8 9 ............. 593,799,975
201,633,769
795,433,744
12-90
201,439,273
764,452,548
13-40
1 8 8 8 ............ 563,013,275
1 8 8 7 ............. 547,171,175
200,471,342
747,642,517
13-40
1 8 8 6 ............. 517,503,275
193,118,060
710,621,335
12-70
1 8 8 0 ............. 437,370,100
202,092,395
639,462,495
15 ‘20
1 8 7 0 ............. 365,593,100
218,496,300
584,089,400
15-30

The total tax this year of $12-80 per $1,000 is the same as
that for 1893, but the items of which the two rates are made
up vary somewhat. The State tax this year is $0’75 against
$0*92 in 1893 ; the county tax is $0'81 against $0-75 in 1893,
and the city tax proper is $11’24 against $11’13 in 1893. Last
year the State tax was increased $0*29 over the rate in 1892,
so that the falling off this year is simply a return of that tax
toward the average figure.
Bor Separate Municipal Elections.—The City Article
before the New York Constitutional Convention was the sub
ject Of prolongëd discussion on Thursday of this week. The
result was that a motion was carried, by a vote of 91 to 41, to




388

THE CHKONICLE.

instruct the Committee on Cities to separate the first section
from the rest of the article and report it favorably as a separ
ate amendment to the Constitution. This first section pro
vides for the separation of city elections from State and
national elections. The new amendment thus formed was
ordered to a third reading and will be voted upon by itself,
without the rest of the City Article. It reads as follows :
“ Except to fill vacancies, all elections of city officers, in
cluding supervisors and judicial officers of inferior ¿nd local
courts, elected in any city or part of a city, and of county offi
cers elected in the counties of New York and Kings, and in
all counties whose boundaries are the same as those of a city,
shall be, on the Tuesday succeeding the first Monday in No
vember, in an odd-numbered year, and the term of every such
office shall expire at the end of some odd-numbered year.
The terms of office of all such officers elected before the
first day of January, 1895, whose successors have not then
been elected, which under existing law would expire with an
even-numbered year, or in and before the end of an oddnumbered year, are extended to and including the 31st day of
December following such expiration; the terms of office of all
such officers which under existing law would expire in an
even-numbered year, and before the end thereof, are short
ened so as to expire at the end of the year preceding such ex
piration. This section shall not apply to any judicial offi
cers except those of local and inferior courts.
Population of the State of Michigan.—The preliminary
population schedules of the Michigan State Census for 1894
have been completed with the exception of the returns from four
townships. Omitting these four townships, which will make
only a slight difference in the result, the total population of
the State is shown to be 2,239,344, as compared with 2,093,889
in 1890 and 1,853,658 in 1884. The increase in four years has
been nearly 7 per cent and in ten years nearly 21 per cent.
Of the increase since 1890 more than 35 per cent has been
made in the cities of Detroit and Grand Rapids. There are at
present seventy incorporated cities in the State with 821,023
population, or 27 per cent of the population of the State.
Since 1884 the rate of increase of population in the cities has
been about four times that of the balance of the State.
Taxable Yaluation of Arkansas.—An official report re
cently submitted to the Governor of Arkansas shows that the
total taxable valuation of real and personal property in that
State for the year 1393 was $173,526,484. The total valuation
in 1892 was $174,828,836, the decrease shown by the new
figures being $1,302,352. Personal property, according to the
1893 returns, is valued at $72,716,742,. including railroad prop
erty valued at $16,263,930. In 1892 the valuation of personal
property was $72,379,406, including $15,597,534 for railroads.
The real estate valuation for 1893 is $100,809,742, against
$102,449,430 in 1892.
In the following table from our S t a t e a n d C i t y S u p p l e 
m e n t the figures given by the new report have been incorpor
ated.

B eal
Tears.
Estate.
1893.............$100,809,742
1892 ......... 102,449,430
1889............. 108.407,462
1888............
96,339,249
90,760,142
1887 ...........
1886.............
85,750,633
1876.............
61,892,881
1870.............
63,102,304
I 8 6 0 .............
63,254,740

P ersonal
P roperty.
$72,716,742
72,379,406
64,001,035
60,615,353
57,499,512
54,152,058
39,971,308
31,426,539
116,956,590

Total Assessed Tax rate
V aluation, p er $1000
$173,526,484
174,828,836
172,408,497
5-00
156,954,602
5-00
148,259,654
5-00
139,902,691
101,864,189
10-00
94,528,843
180,211,330

Bond Proposals and Negotiations. —We have r e 
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Appleton, Wis.—Bridge and street improvement bonds of
this city to the amount of $40,000 have been sold. The bonds
bear interest at the rate of 6 per cent.
Avoca, Minn.—Proposals will be received until September
15 for the purchase of water-works bonds to the amount of
$2,500.
Baltimore, Md.—(C h r o n i c l e , vol. 58, pages 691 and 786, and
vol. 59, pages 299 and 343.)—Nineteen bids were received on
Aug. 29 for $500,000 of 3 ^ p. c. stock of the city of Baltimore,
aggregating nearly $2,000,000. The Baltimore Trust & Guar
antee Company offered to take the whole or any part of the
stock to be sold, and the Maryland Trust Company proposed
to buy all of it or none. The next largest bid was made by
Hambleton & Co. for $250,000. The successful bidders were:
N am e o f B idder
E q u itab le Society....................
E u ta w Savings B a n k . . . . .
N ational B ank of Com m erce.
W illiam B e all___*......... . . . . . . L
R. B. S p e r r y ..................... —
B altim ore T ru s t & G uar. Co.
W illiam T. D ix o n .....................

A m ount.
$50,000
200,000
25,000
6,700
15,000
100,000
100,000
3,300

B id .
102%
102-6
102k»
1 0 2 1fl
102%
102-2
101-Q9
101-84

384

THE

CHRONICLE.

M r. D ixon's bid w as fo r $10,000 a t 101*84, $10,000 a t 101*34, $10,000
a t 100*64 an d $20,000 a t 100*84, b u t a fte r tb e h ig h er bids w ere a c 
cep ted only $3,300 of th e stock rem ained.

Other bids were as follows :
Ja m es 8. Woodside, $14,000 a t 101%.
W illiam B eall, $25,000 a t 101%.
B altim o re T ru s t & G u aran tee Com pany, $100,000 a t 101*73; $100,000 a t 101*63; $100,000 a t 101*53.
H en ry K eim an & Sons, $25,000 a t 101*72; $25,000 a t 101*63; $25,000 a t 101*52.
R oche & C oulter, $25,000 a t 101 51-100; $25,000 a t 101 26-100;
$25,000 a t 101.
J . A.. F ish e r & Son, $50,000 a t 10138; $50,000 a t 100%.
M ary lan d T ru s t Com pany, $500,000 a t 101*13.
H am b leto n & Co., $50,000 a t 1013s; $50,000 a t 101*8; $50,010 a t
100 V ; $50,000 a t lOO^g ; $50,000 a t 100*8; $50,000 a t 100*8.
8
H o p k in s P lace Savings B ank, $50,000 a t 101.
S afe D ep o sit & T ru st Com pany $50,000 a t 101.
Owen Daly & Co., $20,000 a t 101.
Jo h n Theim , $2,000 a t 101 an d i n te r e s t; $2,000 a t 100 an d in te re st.
D an iel M iller, tru ste e , $25,000 a t 100*84; $25,000 a t 100*64.
R u m m er & Becker, $25,000 a t 100% ; $25,000 a t 100*2.

The Commissioners will receive a premium of $11,675 72 on
the $500,000 worth of stock, or $511,675 72, which gives an
average selling price of 102%. Interest will be payable semi
annually on January 1 and July 1, the securities to draw in
terest from July 1, 1894, and mature January 1, 1940. This
stock is issued under authority of an ordinance approved Oc
tober 7, 1892, providing for the issuance of stock to the
amount of $6,000,000 for “ public improvements.” Of this
amount $1,807,900 has previously been issued, making the
total amount issued to date $2,307,900.
Bay City, M ich.-(C hronicle , vol. 59, page 299.)—Local
improvement bonds of this city to the amount of $30,000 were
sold on August 13 to W. J . Hayes & Son, of Cleveland, Ohio,
for $31,087.
Belknap County, N. H.—(Chronicle , vol. 59, page 343.)—
It is reported that the price paid for bonds of this county to
the amount of $20,000 was 103*06. The loan bears interest at
the rate of 4 per cent and runs 20 years.

[V ol. L1X

C oium bns, O hio.—(Ch r on icle , vol. 58, page 692, and vol,
59, pages 201 and 345.)— is reported that viaduct bonds of
It
Columbus to the amount of $97,000 have been sold to the
trustees of the sinking fund.
Defiance, Ohio.—Bids will be received until September 18
for the purchase of $46,000 of street improvement bonds and
$25,000 of refunding bonds. Both loans will bear interest at
the rate of 5 per cent.
Denver, Col.—(C hron icle , vol. 58, pages 744,831 and 1045.)
—Sealed proposals will be received until September 5 by the
Board of Public Works for the purchase of 6 per cent street
improvement bonds to the amount of $7,000. Interest will be
payable semi-annually on January 1 and July 1. and the
bonds will mature July 1, 1902, with an option of call.
D is tr ic t o f C olu m b ia.—(Chr o n ic le , vol. 58, page 1082,
and vol. 59, page 83.)—It is reported that Messrs. Harvey Fisk
& Sons, of New York, were the highest bidders for $100,000
of 3 65 per cent bonds of the District of Columbia. The
price they offered is quoted at 113*406. The bonds will be
registered and bear interest from August 1, 1894. They are
in denominations of $1,000 and $5,000.
East Liverpool, Ohio.—(Chronicle , vol. 58, pages 787 and
91,5.)— is reported that this city has sold $33,000 of 5 per
It
cent refunding bonds at 103*06. The bonds will become due
in 30 years, with an option of call after 20 years.
Elm Creek, Neb.—(C hronicle , vol. 59, page 164.)—At a»
election held in this township on August 14 the people voted
in favor of issuing $10,000 of bonds for water works. The
loan will run ten years.
Ellsworth, Minn.—Bids will be received until September
15, at the office of G. H. Eastwood, Village Recorder, for the
purchase of $5,000 of 10-year village bonds. Interest on the
loan will be payable semi-annually at the rate of 7 per cent.
Everett, Wash.—(Chronicle , vol. 58, pages 649, 744 and
787, and vol. 59, page 300.)—It is reported th it $30,000 of
sewer bonds and $30,000 of road-construction bonds of the
city of Everett are under consideration.
Fulda, Minn.—(Chron icle , vol. 59, page 344.)—It is reported
that $10,000 of water-works bonds of Fulda offered for sale
August 25 have not been djsposéd ot. Interest will be paya
ble annually and the loan will mature at the rate of $1,000
yearly after 1904.
Grand Haven, Mich.—Bids will be received until to-day for
the purcnase of 6 per cent water bonds to the amount of
$16,000.
Grantsburg, Wis.—(Chr o n ic le , vol. 59, page 300.)—Village
Treasurer N. Hickerson writes the C hron icle that an elec
tion held August 21 to vote on issuing bonds for water-works
resulted in favor of tne prop isicio i . Tne amount of bonds
to be issued is $5,500 They will soon be offered for sale.

Boise City, Idaho.—I t is reported th at this city has sold
$71,000 of bonds a t par.
B ow lin? Green, Ohio.—Proposals will be received until
September 4 for the purchase of 5 per cent court house bonds
to the am ount of $100,000.
B rockton, Mass.—(Chronicle , vol. 58, pages 611 and 649,
and vol. 59, pages 244, 299 and 343.)—E. H Emerson, City
Treasurer, will receive proposals until September 5 fo r the
purchase of $35,000 of registered City H all bonds. The loan
will be dated September 1, 1894, will bear interest at the rate
of 4 per cent, payable semi-annually on March 1 and Septem
ber 1, and will mature at the rate of $3,500 yearly from Sep
tem ber 1, 1895, to September 1, 1904.
An official statem ent of the city’s debt on August 1, 1894, is
as follow s:
Average valuation for three years................... ............ $19,565,990 05
Gross city debt...
.............................................. 1,646,140 00
Amount of debt not within debt limit by special legis
lation:
Water debt....... ...........
$645,000
Grenada, Miss.—Tbe people of Grenada will vote Sept. 18
Sewerage................................................... 389,500
, City H a ll...................................... ... . 175,000
1,209,500 00 on the proposition of issuing $20,000 of water-works bonds.
Hamilton, Ohio.— hronicle , vol. 58, pages
w . .
Jftj M A
$436,640 00 1002 and 1046, and(Cvol. 59, page 201.)— 565, 744, 953,
Bids received on
Water loan sinking fund................................ $151,000
The city’s debt lim it is 2% per cent of $19,565,990 05, or August 23 for $35,000 of 1% per cent sewer bonis of Hamil
ton were as follows: E. H. Gay & Co., of Boston, Mass.,
°9,149 75, leaving a borrowing capacity of $52,509 73.
100*51; Rudolph Kleybolte & Co , of Cincinnati, O., 100*40;
B rooklyn, N. Y.—(Chronicle , vol. 58, pages 565, 691, 744, Seasongood & Mayer, of Cincinnati, O., 100*21; Z. T. Lewis,
786, 787, 831. 876, 953, 1045 and 1118 and vol. 59, pages 84 of Dayton, O., 100.
and 200.)—Halsey Corwin, City Comptroller, will receive pro
Hornellsvilie, N. Y.—(Chronicle , vol. 59, page 344.)—
posals until September 12 for the purchase of registered bonds Nine bids were received on Aug. 25 for the $15,500 of paving
of the city of Brooklyn as folio v s ,'
bonds of this city, and the loan was awarded to Isaac W.
Se w

er

B on ds-

S t a t io n H

o u se

B on d s—

48, J&J, $100,000___Jan. 1. 1922 4s, J& J, $50,000 .. Sept. 14, 1904
4s, J&J, $100,000......Jan. 1, 1923
P erm a n en t W a t e r L oan—
Se w e r a g e F ond B o n d s4s, J& J, $300,000....... Ja n . 1. 1913
48, J&J, $50,000 ..... July 1, 1897
Paym ent of the purchase money must be made September
14, 1894, at which time the bonds will be dated. All of the
loans will be exempt from taxation except for State purposes.
Bncyrus, Ohio.—(Chronicle , vol. 59, page 299 )—Bids were
to be received until August 28 for the purchase of $10,000 of
school bonds. The loan will bear interest at the rate of 6 per
cent and will become due at the rate ©f $2,000 yearly from
September 1, 1900, to September 1, 1904.
Buffalo, N. Y.—(Chronicle , vol. 58, pages 1002 and 1081,
and vol. 59, pages 244 and 343.)—City Comptroller Joseph E
i n V ' 1 receive proposals until September 6 oh for $100,000
of Buffalo park bonds, described as follows:
^

When Due. \

P a r k B on ds.

When Due.

3*28, J&J, $o0,000 ...July 1,1924 | 3*as, J&J, $50,000 ...July 1,1926
Biterest will be payable at the office of the Comptroller in
Buffalo or at the Gallatin National Bank in New Y ork City,
as the purchaser may elect. Bids must be accompanied by a
certified check for 2 per cent of the am ount of bonds bid for.
The bonds will be ready for delivery on or after September
Proposals m ust state the price per $100 of bonds, and
no bid of less than par and accrued interest will be enter.iThe city’s bonded debt on A ugust 1. 1894, less bonds
held by the city in sinking funds, was $11,525,040 44. The as
sessed valuation for the year 1894 is $215,377,355.
C arthage, Ohio-iCHRomcLE, vol. 58, page 914, and vol. 59,
page 343.)—L. Hall, Village Clerk, writes the Chronicle
th a t on A ugust 27 the question of issuing $15,000 of 6 per
cent water-works bonds was voted down.




Sherrill, of Poughkeepsie, at 104*51. The loan matures at the
rate of $3,000 yearly, from August 25, 1895, to 1897, and
$3,500 on August 25, 1898.
In d ian ap o lis, I n d .- ( C hronicle , vol. 58, pages 650 and
787 )—
The city of Indianapolis has borrowed $70,000 until
November 1st from one of the local banks at 3% per cent in
terest. The Comptroller is quoted as saying that it is the
cheapest loan ever made in that city.
Johnstown, Pa.—It is reported that this city has recently
sold $50,000 of street improvement bonds at 100*25.
Lamberton, Minn.—(Chronicle , vol. 59, page 245.)—
Water-works and sewerage bonds of this village to the amount
of $5,000 were awarded on August 27 to the Winona Deposit
Bank of Winona, Minn., for $5,043. Interest on the bonds
will be payable semi-annually at the rate of 6 per cent, and
the loan will mature in 5 years.
Lansing, Mich.—(Chronicle , vol. 58, pages 832 and 1046,
and vol. 59, pages 300 and 344.)—It is reported that $75,000 of
city hall bonds and $25,000 of bridge bonds offered for sale
Aug. 27 have been awarded to Messrs. Blair & Co. of New
York. The bonds bear interest at the rate of 5 per cent and
run 20 years, with an option of call after 12 years.
Lawrence, Mass.—(Chronicle , vol. 58, pages 1002 and
1046, and vol. 59, pages 126 and 164.)—
Bids will be received
until September 5 for the purchase of $175,000 of refunding
water bonds. The securities will bear interest at the rate of 4
per cent and run 30 years.
Lexington, fiy.—(Chronicle , vol. 59, page 245.)—
Bids
will be received until September 5 for the purchase of $150,
000 of street bonds. They will be dated September 1, 1894,
and will bear interest at as low a rate as can be obtained,

Septem bbr

THE CHRONICLE.

1, 1894.]

both principal and interest to be payable at the Hanover
National Bank, New York City. Sixty thousand dollars of
the amount will be payable in 20, 30 or 40 years, as the pur
chaser may prefer, and the remaining $90,000 at the rate of
$9,000 yearly in from one to ten years.

385

1881 for $1,000 each, and numbers 1, 2, 3 and 4 of the issue of
1884 for $1,000 each.

Monticello, N. Y.—Bonds of this village to the amount of
$20,000 have been voted.

New Brunswick, N. J.— h r o n i c l e , vol. 58, page 877, and
(C
Malden, Mass.—(Chronicle , vol. 59, page 344.)—
Henry A.
Wilder, City Auditor, writes us, concerning a report that vol. 59, pages 246 and 344.) —
Proposals will be received until
$21,000 of hands will soon be issued for the erection of a September 15 .at the office of James Neilson, City Treasurer,
police station, that the report is an erroneous one, no such
for the purchase of $100,000 of bonds of the city of New
loan having been authorized.
Brunswick, to be issued to refund maturing bonds. Interest
Marietta, Ohio.—(Chronicle , vol. 58, pages 650, 692 and
■915, and vol. 59, pages 126 and 201.)—Five per cent sewer “ at a rate to be fixed according to the lowest bid” will be
bonds of this city to the amount of $12,000 were awarded on payable semi-annually on April 1 and October 1, at the
August 28 to E. H. Gay & Co., of Boston, for $12,379 and Treasurer’s office, and the bonds will mature October 1, 1919.
accrued interest. Ten bids in all were received, of which the It is proposed to issue coupon bonds of the denomination of
following is a list.
$1,000 each, and in accordance with the New Jersey statute
they will be exempt from all taxation.
E . H. R ollins & Sons, B o ston................................. .......$12,285 12 an d int.
S. A. K ean, Chicago .............................. ....................... . 12,330 00 an d in t.
The City Treasurer makes the following remarks regarding
M ason, Lew is & Co., C h ic a g o ..........................
. . . . 12,027 00 flat.
R. K leybolte & Co., C in cin n ati......... .......................... 12,242 00 a n d in t. this municipality:
Seasongood & M ayer, C in cin n ati................................. 12,263 25 an d in t.
“ The city government is conservatively and economically
............ ................ .
12,379 00 a n d in t.
E . H . G ay & Co.. B oston
L u cius A. T row bridge, C hicago.................................. 12,241 00 a n d in t. administered. Its indebtedness has been much reduced during
Z. T. L ew is, D ayton.......................................................... 12,176 00 an d in t.
12,262 00 an d int. the past eight years. It owns valuable water works worth a
S tanley L. 8 m ith ,B rattleb o ro , V t .................... .
W. J . H ay es & Son, C leveland...................................... 12,165 00 an d int.
large proportion of its debt. The population is estimated at
The bonds mature at the rate of $500 every six months from about 20,000. The city has a rapidly increasing sinking fund.
August 1, 1898, to February 1, 1910. Interest will be payable
“ It contains some of the largest and most successful manu
semi-annually, both principal and interest being payable in
gold at the fiscal agency, New York City.
factories of rubber shoes, metal, knitted goods and wall paper
Marlon, Ohio.—(Chronicle , vol. 58, page 915, and vol. 59, in the country, with a singularly orderly population of opera
page 201.)—Twenty thousand dollars of 6 per cent paving tives of remarkable skill in their several departments. Most
bonds of Marion offered for sale August 21 have been award of the families own their own homes.”
ed to a local party at 102 52.
For further particulars see advertisement elsewhere in this
McKeesport, Pa.—Notice has been given that the Sinking Department.
Fund Commissioners of the city of McKeesport will purchase
in 60 days from August 1, 1894, after which time interest will
Niagara Falls, N. Y.—It is reported that 4 per cent 20-year
cease, water bonds issued by the borough of McKeesport, as sewer bonds of Niagara Falls have recently been awarded to
follows; Numbers 28, 29, 30, 32, 33, 34 and 35 of the issue of Messrs. Benwell & Everitt, of New York, at 101*5.

N E W LOANS.

N E W LOANS.

$ 100,000

German-American
Investment Co.,

City of New Brunswick, N. J.,
Bonds, Due 1919.

5 2 W A L L S T ., N E W Y O R K .

P ro p o sa ls w ill b e re c e iv e d by t h e F in a n c e C o m m it
(Ground Floor, opposite Custom House.)
te e a n d C ity T r e a s u r e r a t t h e office o f t h e C ity T re a s 
u re r, L ib ra ry B uilding, G eorge S tre e t c o rn e r o f P a t 
e rs o n S tre e t, N ew B ru n sw ick , N. J „ u n ti l o n e o’cl ock
o f S a tu rd a y S e p te m b e r 15th, fo r t h e p u rc h a s e in
w h o le o r in p a r t o f $100,000 o f t h e b o n d s o f t h e C ity
o f N ew B ru n sw ick , N . J ., to be issu e d t o re f u n d City of Denver, Col., .....................4s
m a tu rin g bonds, in t e r e s t p a y a b le se m i-a n n u a lly
o n t h e firs t d a y o f A p ril a n d O cto b e r in e a c h y e a r a t City of Duluth, Minn.......................6s
t h e T r e a s u r e r ’s office. I n t e r e s t to b e g in o n O cto b er
1st, 1894. T h e b o n d s w ill b e p ay a b le O cto b e r 1st, City of Long Island, N. Y............... 4%s
1919, a n d w ill b e a r in t e r e s t a t a r a t e to b e fixed a c 
c o rd in g to th e a c c e p te d bids. P ro p o sa ls sh o u ld be City of Aurora, 111.......................... 6s
se a le d a n d a d d re sse d to t h e C ity T re a s u re r a n d
m a rk e d “ P ro p o sa ls fo r B onds.” B ids sh o u ld s ta t e City of Anderson, Ind..................... 6s
t h e p ric e a n d t h e r a t e o f in t e r e s t a t w h ich t h e b id 
d e r p ro p o ses to ta k e th e b o n d s. I t is in te n d e d to City of Niles, Ohio............................6s
is s u e c o u p o n b o n d s o f t h e d e n o m in a tio n o f $1,000
.4s
e a c h . B o n d s m a y b e re g iste re d . T h e b o n d s a re City of Dunkirk, N. Y ............. .
a u th o riz e d by a n A c t o f th e L e g is la tu re o f N ew
5s
J e rs e y , a p p ro v e d F e b ru a ry 1 8 th , 1879, a n d by a r e s  Asbury Park, N. J ...............
o lu tio n o f C om m on C ouncil o f J u ly 9 th , 1894, a n d
a r e f r e e fro m m u n ic ip a l, c o u n ty o r S ta te t a x in Richfield Springs, N. Y— ......... ...4 s
N ew J e rs e y .
B ids m u s t b e a c c o m p a n ie d by a ce rtifie d c h e c k f o r Lansingbnrg, N. Y. .. ............... .. .4s
fiv e p e r c e n t o f t h e a m o u n t bid.
B o n d s w ill b e d e liv e re d O cto b e r 1st o r as so o n Neapolis, Ya................................ . .6s
a fte rw a rd s as p ra c tic a b le . T h e r ig h t to r e j e c t a n y Iron County, Wis........................ .6s
a n d a ll b id s is re s e rv e d . F o r f u r th e r p a rtic u la rs as
to t h e fin a n ces o f N ew B ru n sw ic k see S t a t e a n d
C i t y S u p p l e m e n t o f C o m m e r c i a l a n d F i n a n c i a l - A n d o t h e r C h o ice M u n ic ip a l B o n d s f o r I n 
C h r o n i c l e f o r A p ril, 1893 a n d 1894, o r a d d re s s v e s tm e n t b y .S a v in g s B a n k s a n d T r u s t e e s .
J a m e s N eilson, T re a su re r, N ew B ru n sw ick , N. J .
D e s c r ip tiv e C i r c u l a r s u p o n A p p lic a tio n .
H ^ "T h is issu e w ill n o t in c re a s e t h e c ity d e b t.

Municipal Bonds.

N E W LOANS.

MUNICIPAL

FOR INVESTMENT.
P A R T IC U L A R S U PO N A P P L IC A T IO N .

MEMBERS OF THE NEW YORK AND BOSTON
STOCK ^C H A N G E S.
DEALERS IN COMMERCIAL PAPER.

Blake Brothers & Co.,
2 8 S T A T E S T R E E T ,] .B O S T O N .
5

$ 90,000
Bonds of the City Water Works
of Sioux City, Iowa.
S ealed p ro p o sals, a d d re s s e d t o C ity C le rk o f S ioux
C ity, Iow a, w ilt b e re c e iv e d u n ti l t h e 11th d a y o f
S ep te m b er, 1894, a t 4 P . M. o ’clock fo r t h e p u rc h a s e
o f $90,000 o f t h e b o n d s o f th e C ity W a te r W o rk s of
t h e C ity o f S ioux City, Iow a.
Said b o n d s a re to r u n fifte e n y e a rs fro m d a te a n d
a r e to d ra w fo u r a n d a h a l f p e r c e n t in te r e s t, p a y 
a b le se m i-a n n u a lly , in N ew Y ork.
T h e rig h t is re s e rv e d to r e j e c t a n y a n d a ll bids.
F o r f u r th e r p a rtic u la rs a d d re s s C ity C lerk.

W. N . Coler & Co.,
BANKERS.

M UNICIPAL BONDS.
34 NASSAU STREET.




N A SSA U

S T ., N E W

YORK.

W. J. Hayes & Sons,
BA N K ERS,

Dealers in M UNICIPAL BONDS.
Street Railway Bonds and other high grade in
vestments.

311-313 Superior St.kd 40-42 Wall St.,
7 Exchange plac^ O
Btoll

New York,

ble Address. “ KENNETH.”

P. C. MILLER,

C h a irm a n o f F in a n c e C o m m ittee.

BONDS

CITY

OF

TACOMA

Q Per

Cent

WATER BONDS.
P a y a b l e i n G O L D CO IN .
M a tu x ^ ig J u n e , 1 9 1 3

Rudolph Kleybolte & Co.,

PRICE and PARTICULARS upon APPLICATION

Investment Bankers,

Farson, Leach & Co.,

3 0 W e s t T h ir d S t r e e t , 'S C i n c in n a ti , O h io , 2 W A L L S T R E E T ,

-

-

NEW Y O R K .

$ 2 5 0 ,0 0 0
Choice Investment Bonds of Cities, 6%Modesto Irrigation Dist. Gold Bonds
I n t e r e s t P a y a b l e S e m i-A n n u a lly .
Connties and School Districts.
Paid by the power of taxation. First lien on th e
LISTS MAILBD.UPON APPLICATION.

land. For bank and other references apply to
W . E. H O L B R O O K ,
6 0 W a l l S t., N ew Y o r k .

THE CHRONICLE.

886

Pawnee City, Neb.—Electric-light bonds to the amount of
$4,000 have been voted.
Peoria, 111.—( C h r o n i c l e , vol. 59, page 300.)—The follow
ing statement in regard to the placing of certain sewer bonds
which were advertised by this city was made in a recent issue
of the Peoria Transcript:
“ The City Comptroller has not yet taken positive action in
the matter of the bonds for the Spring Street sewer, though
it is possible that there may be early action. The
reason the bonds have not yet been sold is a
mistake in the advertisement.
In the State law
there is a four-year redemption clause. There was
considerable talk among members of the committee as to
whether this should be put in the advertisement or not. It
was finally inserted and a number of bids were received.
W hen the officials came to look over the ordinance it was
found that the ordinance under which the improvement was
made provided for a three-year redemption. Farson, Leach
& Co., of Chicago, were the highest bidders, but they refused
to accept the bonds • with the three-year redemption clause.
They were willing to take them at four years, and they thought
this short enough time. Their bid was withdrawn when
it was' found the ordinance read three years instead of
four, as in the advertisement. G. H. Littlewood was
the ’next highest bidder and the bonds were ten
dered him. He had supposed the redemption was four years
instead of three, but stated that his bid would in all probabil
ity stand at three as well as four years. He must first com
municate with Eastern capitalists, however, and he is now
figuring with them. As soon as their answer is received
some positive action will be taken. Mr. Littlewood can have
the bonds if he will take them at his bid with the three-year
redemption clause, and the city officials are only waiting to
hear from him. How the ordinance came to read one way
and the advertisement another, has not yet been fully deter
mined. If Mr. Littlewood does not take the bonds other bids
will be advertised for at once.”
Pickaway County, Ohio.—( C h r o n i c l e , vol. 58, page 1004
and vol. 59, page 246.)—County bonds to the amount of $9,600
were sold on August 23 to the Lamprecht Bros. Co.,

NEW

$

LOANS.

250,000

City of Syracuse, New York,
3 l-2°/o Water Bonds,
D u e J u ly 1, 1 9 2 0 .
PARTICULARS UPON APPLICATION.

Street, Wykes & Co.,
44 WALL STREET,

C IT Y

-

NEW YORK.

BONDS

N e ttin g from 4 P e r C ent to 6 P e r C ent.
W r ite f o r d e s c rip tio n o f ch o ice s e c u ritie s issu ed
b y c itie s o f go o d fin a n c ia l s ta n d in g , w ith p o p u la tio n
ra n g in g fr o m 20,000 to 150,000.

C. H. W H IT E & CO.,
BANK ERS,
9 2 BROADW AY,

-

NEW YORK.

The Mutual Benefit
L I F E IN SU R A N C E CO., N E W A R K , N. J
A M Z I DODD, P r e s id e n t.
A ss e ts (M a rk e t V alu e s) J a n . 1,1891...........153,316,092
L ia b ilitie s (N. Y. a n d M ass. S ta n d a rd ). . . . 19,742,302
S u rp lu s ...............................; ................................. 8,603,790
S urplus, b y fo rm e r N . Y . S ta n d a rd , (A m .
E x . 4Jjs p e r c e n t R e s e rv e )............................ 6,385,707
PO LICIES ABSOLUTELY NON-FO RFEITA BLE A FTER
SECOND YEAR.

I n C ase o f L a p se th e P olicy is c o n t i n u e d i n f o r c e
a s lo n g a s its v a lu e w ill p ay f o r ; o r i f p re fe rre d , a
P a id -u p policy fo r its fu ll v a lu e is issu e d in ex c h an g e.
A f te r t h e seco n d y e a r P o lic ies a re i n c o n t e s t 

■3

a b l e , a n d a ll r e stric tio n s a s to residen ce, tr a v e l or
o c c u p a tio n a re rem oved.
Ca s h l o a n s a r e m a d e t o t h e e x t e n t o f 5 0 p e r c e n t
o f t h e r e s e r v e v a lu e , w h e r e v a li d a s s i g n m e n t s o f
t h e p o lic ie s c a n b e m a d e a s c o ll a te r a l s e c u r i ty .
L o s s e s p a id im m e d ia te l y u p o n c o m p le tio n a n d
a p p r o v a l o f p r o o fs .

Arch’d. J. C. Anderson,

fVOL.LIX.

of Cleveland, Ohio for $9,980.
the bonds is as follows ;

A list of the bids received for

A m o u n t bid.
J. D. B row n, A thens, O .................................................................. $9,695 00
Seasongood & Mayer, C incinnati, 0 ...........................................
9,978 OO
R udolph K lybolte & Co., C in cin n ati, O ................ ...................
9,907 20
T hird N ational B ank. Circlevilie, O .................... ......... ............
9,936 00
8. A. K ean. Chicago, 111................................................ ................
9,900 00
Spitzer & Co., Toledo, O.........................................................
9,908 00
L am precht B ros. Co., C leveland, O . . . .................................
9,980 00
9,958 00
Z. T. Lewis, D ayton, O ...............................................................
W. J . H ayes & Son, C leveland, O................................................ *9,987 OO
D ietz, D ennison & P rio r, C leveland, O ...................................... 10,001 OO

* Withdrawn.

Three thousand six hundred dollars of the bonds are issued
for road improvements. They are dated September 1, 1894,
bear interest at the rate of 6 per cent and become due from
1895 to 1900.
Richmond, Va.—( C h r o n i c l e , vol. 59, page 344.)—E . JJ.
Warren, City Auditor, writes the C h r o n i c l e in reference to
the issuing of $225,000 of 4 per cent registered bonds of the
city of Richmond, to redeem $215,000 of 6 per cent baby bonds
falling due September 1, 1894, that the Committee on Finance
have as yet fixed no date and seem disposed to hold the bonds
for a better market. The loan will run 34 years from date of
issue. ; ,
R o m e , ^ N r T T — ( C h r o n i c l e , vol."_59, pages 84 and 202;)—
Registered city hall bonds of this city to the amount of $10,000 were awarded on August 20 to the Rome Savings Bank
for $10,137 50. The next highest bid was that of George M.
Hahn, of New York, who offered $10,127. Four bids in all
were received. The loan is dated August 20, 1894, and be
comes due at the rate of $1,000 yearly from November 1, 1895,
to November 1, 1904. Interest at the rate of 4 per cent is
payable semi-annually on January 1 and July 1, both princi
pal and interest being payable at the Central National Bank
of Rome.
Sioux City, Iowa.—( C h r o n i c l e , vol. 59, pages 127 and 202.
—Bids will be received until Sept. 11 by the City Clerk for
the purchase of $90,000 of bonds of the city water-works of

M ISC ELLA N EO U S.

M IS C E LLA N E O U S .

P u b lic a tio n b y T H E B A N K O F M A N H A T T A N
CO M PA NY , N ew Y o rk , o f t h e m o n e y s re m a in in g
u n claim ed , in a c c o rd a n c e w ith S ectio n 28, A r tic le
1, C h a p ie r 689, o f t h e B a n k in g L aw s o f 1S92,
S ta te o f N ew Y o rk .
Ju n e2 3 ,1 8 7 5 . C o m m ercial B an k , M a n c h e s 
te r, M iss., d iv id e n d a c c t.....................I 10125
M ay 25,1883. C om m ercial B a n k , M an ch es
te r, M iss., d iv id e n d 1 2 .........................
60 00
A u g . 21,1883. C o m m ercial B an k , M a n c h e s 
te r , M iss., d iv id e n d 11.......................... 296 00
A u g . 21,1883. C o m m ercial B an k , M an ch este r . M iss., d iv id e n d 1 5 .........................1.
912 00
A ug. 2 4 ,18s3. C o m m ercial B an k , M an ch este r. M iss., d iv id e n d 16.......................... 2,171 00
S ep t. 21,1881. J . L . D av is & Son, 181 S o u th
S tre e t.........................................................
50 00
F eb . 19,1891. E m p ire C ity B an k . N ew Y ork,
d iv id e n d 2 . ..............................................
6168
F e b . 19,1871. E m p ire C ity B an k , N ew Y o rk ,
d iv id en d 3................................................
14153,
J a n . 18,1879. G. S. G reen , T r e n to n , N . J .
62 63
C. L . H a ls te a d , E x e c u trix , 155
Second A v e ..... ................ ^...................... 683 56
A p ril 25,1888. E s ta te o f W m . H u tc h in s o n . 1,771 08
J u ly 10,1876. J . O’N eil, 229 B ro a d w a y .........
83 56
M ay 20,1885. J a m e s P o tte r , P r in c e to n . N .J. 133 22
P la n t e r s ’ B an k , T e n n ., d iv id e n d 1 . . .
76 10
P la n t e r s ’ B an k , T e n n ., d iv id e n d 7 ...
90 00
P la n t e r s ’ B an k , T e n n ., d iv id e n d 18.
51 00,
P la n t e r s ’ B a n k , T e n n ., d iv id e n d 10. 305 00
C. H . S m ith . C lark v iile. T e n n — . . . .
86 66
F eb ., 1889. H . G. S teb o in s & Son, N . Y ......... 358 37

Geo. M. Huston & Co.

Unclaimed Dividends.

51 d iv id en d s. M a rg a re t J e n k in s , u n k n o w n .
81
“
T h o m a s K eefe,
“
97
“
H e n r y M oss,
“
111
“
J o h a n n a M u rp h y ,
“

211 00
35650
3,168 00
21199

Interest New York State Stock— Unclaimed.

B O ND AND S T O C K D E A L E R S
W e b u y a n d sell o u tr lg h ta ll W e s te rn
M u n icip al B o n d s a n d S to ck s. W e
c h e e r f u lly f u r n is h f u ll a n d re lia b le in 
fo r m a tio n co n c e rn in g a n y W e s te r n s e 
c u rity w ith o u t c h a rg e . M o n th ly q u o 
ta tio n c irc u la r m a ile d to a ll a p p lic a n ts.
N ew issu e s o f m u n ic ip a l b o n d s w a n te d .

305 PINK STR EET. ST. LOUIS, MO

MORTGAGE LOANS
IN

TEXAS.
7 P erIC ent an d 8 P e r C ent N et.
NO COMM ISSIONS c h a rg e d b o rro w e r o r le n d e r
u n ti l lo a n s h a v e p ro v e n good.

FRANCIS SMITH & CO.,
SA N ANTO N IO , T E X A S .

Edward Morton & Go.,
53 Broadway, New York.

1843. A lfre d S m ith , u n k n o w n ................... $ 175 00
1852. J . S. D eB eau lieu ,
...................
63 00
1855. J . H . C am ero n a n d U .S ............................
M a s te rs , In tr u s t,
“
62 60 Specialties :
1865.
J . H o w a rd M arch ,
“
60 00
MUNICIPAL,
1870.
T h o m as M. T a y lo r “
75 0Q
C ity o f N ew Y o rk , C o u n ty o f N ew Y o r k ,)
STREET RAILW AY BONDS
S ta te o f N ew Y o rk .
) ss'
J . T. B ald w in , C a s h ie r o f t h e M a n h a tta n C om pany
and
o f N ew Y ork , in s a id C o u n ty , b ein g d u ly sw o rn , say s
BANK STOCKS.
t h e fo re g o in g is in a ll re s p e c ts a tr u e s ta te m e n t to
t h e b e s t o f h is k n o w led g e a n d b e lie f.
J . T . B a l d w i n , C ash ie r.
S w o rn to b e f o r e m e
t h e l l t h d a y o f A ug.,'1891.
I n te r e s t New Y o rk S ta te S to c k —
Unclaimed.
J a n . 3 , 1 8 8 5 ; A p ril 3 , 1 8 8 6 ; J u n e 3 0 ,
£ S eal. |
W . S. J o h n s o n ,
1 8 8 8 ; Oct. 1 9 , 1 8 8 9 ; D ec. 2 7 , 1 8 9 0 ; J a n .
N o ta r y P u b lic , N . Y . Co., 18.

Chronicle Numbers Wanted.

S. H. Wood Produce Co.,
6 WALL STREET,
96 BROADWAY,
5 PINE STREET, N. Y.
9 1 3 to 9 1 7 G u a ra n ty L o a n B u ild in g ,
M in n ea p o lis, M in n .

1 7 ,1 8 9 1 ; D e c .1 0 , 1 8 9 2 ; a lso S u p p lem en t»
M arch , 1 8 9 2 , an d J a n ., 1 8 9 3 .
F ifte e n cen ts a copy w ill b e p a id fo r a n y
o f th e a b o v e.
W M . B . D A N A CO M PANY,
7 6 ^ P in e S tr e e t,
NEW Y O R K .

i*Business ^Furniture.**!
• Filing

?

9 ) Office

Buy and sell all kinds of grain and produce • Cabinets
Desks
in the Minneapolis and Chicago markets. S ’ F i x t u r e s a n d S p e c ia l W o r k t o o r d e r .
A WEEKLY PRICE LIST OF LOCAL SECURITIES Write for our SPECIAL MONTHLY AND
• THE GLOBE C O .,^ “""'i?>.
A g e n e r a l c i r c u l a r W o r t h Y o u r R e a d i n g . DAILY MARKET LETTERS.
J . P. W intringham , 36 P ine St., N. Y, COMMISSION *8. Telephone, 951 Cortlandt.
P U B L IC ACCOUNTANT,
127 W n tw
WKW V *»««




•

387

TH E CHRONICLE

September 1, 1894.]

Mr. Giesey also writes us th at it is expected next year to
Sioux City. The bonds will bear interest at the rate of
erect a new high-school building which will cost from $75,000
per cent, payable semi-annually in New Y ork, and will be to $80,000, for which purpose it is probable th a t 10-20 year 3%
come due in 15 years.
or 4 per cent bonds will be issued. The school property is at
An advertisement regarding this loan will be foun d else present worth from $250,000 to $300,000.

where in this Department.
T renton, Mich.—The citizens of this m unicipality will vote
September 3 on expending $17,000 for w ater works, for which
bonds will probably be issued.
Union City, M ich.—This city will hold an election Septem
ber 10 to vote on issuing $20,000 of water-w orks bonds and
$5,000 of electric-light bonds.
T an W ert, Ohio.—Proposals will be received until Septem
ber 24 for the purchase of 6 per cent bonds to the am ount of
$19,150.
West R andolph, Y t.—W ater bonds to the am ount of $3,000
have recently been voted.
Wood County, Ohio.—Proposals w ill be received un til
September 4 for the purchase of $100,000 of 5 per cent court
house bonds, the loan to become due w ithin four years.
W orcester, Mass.—(C h r o n i c l e , vol. 58, pages 566 and 694)
—The city of W orcester has recently placed a tem porary loan
of $100,000 at 2 *35 per cent.
Yonkers, N. Y*—(C h r o n i c l e , vol. 58, pages 694, 746 and
957, and vol. 59, pages 128, 165, 241 and 345 .)—I t is reported
that the city of Yonkers has aw arded $15,000 of assessment
bonds m aturing February 1, 1897, to the Yonkers Savings
Bank at 101’16, also $45,000 deficiency bonds, street
paving bonds to the am ount of $40,000 to Blake Brothers at
101'15, and crematory bonds to the am ount of $4,000 to George
M. Hahn a t 100’76. All of the bonds bear interest a t the rate
of 4 per cent.
York, P a.—(C h r o n i c l e , vol. 59, page 345).—W e are notified
by J.Y. Giesey, Chairm an of the Finance Committee, th a t the
Board of Education has recently disposed of $10,000 of 4 ^ per
cent one-year bonds to local parties. There is no other school
debt.

STATE AND CITY DEBT CHANGES.
We subjoin reports as to municipal debts received since the
last publication of our State and City Supplement
Some of these reports are wholly new and others cover items
of inform ation additional to those given in the S upplement
and of interest to investors.
A llegheny County, Md.—(C h r o n i c l e , vol. 59, page 343.)—
Below is a statem ent of the financial condition of Allegheny
County which has been received from A. A. Doub, Treasurer.
No report from this county appeared in our S u p p l e m e n t .
County seat is Cumberland.
V aluation, ere.—
L O A N SW hen V ue.
B o n d e d d e b t8 e p t.l,’94. $200,000
Co u r t H o u se B on d s—
25,000
4s, A&O, $100,000..........1910-1929 F lo atin g d eb t (ab o u t)..
T o t.d e b tS e p .l,’94(abt.)
225,000
($5,000 due yearly.)
T a x v a lu a tio n 1894 . 20,139,662
I n sa n e A sy lu m —
$ l -775
4s, A&O, $25,000.......... J u ly 1 , . . . . S tate t a x (per $ 1 ,0 0 0 )..
C ounty t a x (per $1,000)
$ 9 -60
($5,000 due yearly.)
P o p u la tio n in 1890 w a s ___14,571
Sc h o o l H o u s e B o n d s—
4s, A&O, $75,000............ 1900-1914 P o p u latio n in 1880 w a s ___ 38,012
($5,000 due yearly.)
O P T IO N A L .—All of th e c o u n ty ’s bonds a re subject to call.
IN T E R E S T o n th e c o u rt house bonds Is p ay ab le a t B a ltim o re ; o n
th e in sa n e asylum a n d school house b o nds a t C um berland.

TAX F R E E .—All bonds issued by the county are exempt from
county taxation.

M ISC ELLA N EO U S.

CHICAG O.

CHICAGO.

Title Guarantee & Trust
Company

Jamieson & Co.,

1850.

STOCKS—
BOYDS,
•e m b e rs N ew Y o rk a n d C hicago S to ck E x c h a n g e s

OF C H I C A G O ,
9 9 , 9 4 dfc 9 6 W A SH IN G T O N S T R E E T .
C apital, p a id -u p ............................. $ 1 ,6 0 0 ,0 0 0
Undivided earning;«» In clu d in g
surplus............. ................................
9 3 9 ,0 0 0
Deposited w ith S ta te A u d ito r. .
9 0 0 ,0 0 0

1 8 7 D EA R BO R N STR EET,
C h icago, I lls .

&

O FF IC E R S .

Gatzert,

GUARANTEES TITLES TO REAL ESTATE.
MORTGAGE BANKERS,
MAKES ABSTRACTS OF TITLE.
Offer« In vestor« In r e a l e s ta te se c u r itie s 195 LA SALLE STR EET, CHICAGO.
protection afforded by no e th e r sy stem of
F ir s t M o rtg ag e s fo r sa le in la rg e a n d sm a ll a m o u n ts
n e ttin g in v e sto rs 5 ,6 ^ , a n d 6 p e r ce n t, se c u re d b y
doing b u sin ess.
Im proved a n d in c o m e-b ea rin g C hicago c ity p ro p e rty .
Is authorized by law to act as Registrar of Stocks
P r in c ip a l an d I n te r e s t p a y a b le in G old.
and Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
C O R R ESPO N D EN C E SO L IC IT E D .
T ru st m oneys a n d t r u s t s e c u ritie s k e p t se p a ra te
from th e a ssets o f th e C om pany.

6% and 7% Gold Mortwawes.

CORRESPONDENCE SO L IC IT E D .

I n te r e s t A llo w ed fro m D a te o f R e c e ip t o f M oney

E. S. DREYER & CO.,

OFFICERS:

M ortgage B a n k e r s,

-GWYNN G A R N E T T , P re s id e n t.

A. H. SELLERS, Vice-President.
ARCHIBALD A. STEWART, Secretary.
CHAS. R. LARRABEB, Treasurer.
FRANK H. SELLERS, Trust Officer.
DIRECTORS:
Gwynn Garnett.
Chao. W. Drew.
W. D . K e rfo o t,
J o h n P . W ilson,
Horace G. C h ase,
E d so n K e ith ,
John G. Shortall,
Geo. M. Bogus
John DeKoven,
A. H. Sellers.
Samuel B. Chase.
COUNSEL:
W. 0. Gondy,
Jehu P. Wilson.
A. W . G re e n

A . M. P ence.

-

CH IC AG O. IL L

F ir s t M o rtg a g e L o a n s o n I m p ro v e d P ro d u c tiv e
R ea l E s ta te C e n tra lly L o c a te d .
80 Y e a r s B u s in e s s W i t h o u t L o s s t o I n v e s t o r s .
A d d re ss all c o m m u n ic a tio n s t o E a s te r n Office

BONDS

Y IE L D IN G A N IN C O M E

4%

TO

OF

6%

SECURE BANK VAULTS.

F IN A N C E C O M M IT T E E .
G EO. G. W IL L IA M S ............... P r e s . C h em . N a t, B a n k
JO H N J . T U C K E R .................................................. B u ild e r
E. H . P E R K IN S , J r ., P r e s . Im p . A T r a d e r s ’ N a t. B ’k
T h e tw o m o s t p o p u la r j> lan s o f L I F E IN S U R A N C E
a r e t h e C O N T IN U A B E B T E R M P O L IC Y w hioh
g iv es to th e in s u re d t h e g r e a te s t p o ssib le a m o u n t o f
in d e m n ity in t h e e v e n t o f d e a th , a t t h e lo w e st p o ssl.
ble p r e s e n t c a sh o u tlay ; a n d t h e G U A R A N T E E D
IN COM E P O L IC Y w h ic h em b ra c e s e v e ry v a lu a b le
f e a tu r e o f in v e s tm e n t in s u ra n c e , a n d w h io h in t h e
e v e n t o f a d v e rs ity o v e rta k in g t h e in s u re d m a y b e
u sed a s C O L L A T E R A L S E C U R IT Y F O R A LO A N ,
to t h e e x t e n t of t h e f u ll le g a l re s e r v e v a lu e t h e r e o f
in ac c o rd a n c e w ith t h e te r m s a n d c o n d itio n s o f th e s e
policies.
_
G ood A g e n ts d e s irin g to r e p r e s e n t t h e C om pany
a r e in v ite d t o a d d re s s t h e P r e s id e n t a t H o m e Office

Jos. C. Platt, G. E.,
E x a m in a tio n s.

S u p e r v isio n .

R e p o r ts

SEARS & W H IT E ,

(INCORPORATED)

S u ccesso rs to
E U G E N E R . CO LE,

& CO.,

COMMERCIAL PAPER,
154 La Salle Street, • Chicago, 111.

STATIONERS AND PR IN T E R S.

G EN U IN E

WELDED CHROME STEEL AND IKW
*

A. O. SL A U G H T E R , M em b er N . Y . S to ck E x c h a n g e
WM. Y . B A K E R , M em b e r C hicago S to ck E x c h a n g e

n R o u n d a n d F la t B a rs a n d 5-ply P la te s a n d A ngi«*
F O R S A F E S , V A U L T S , &C.
C a n n o t b e S aw ed. C u t, o r D rille d , a n d p o sitiv ely
B u rg la r-P ro o f.

A. O. Slaughter & Co.,

CHRC itlE STEEL WORKS,
S ole v an’f ’er« in the, U . 8. B R O O K L Y N . M.

BAN K ER S,
1 1 5 -1 1 7 L A S A L L E S T R E E T ,

Wm. Fisher & Sons,

CHICAGO, ILLS.

BANKERS AND BROKERS,

¡Chicago Securities Bought and Sold,




0 . P . F R A L E IG H ........................... . . . . . . . . . . . . S e c r e t a r y
A . W H E E L W R IG H T ...................A s s is ta n t S e c re ta ry '
WM. T . ST A N D H N ............................................... A c tu a ry
A R T H U R C. P E R R Y ...............................
C ash ie r
JO H N P . M U N N -.............. .................M e d ic a l D ire c to r1

CITY, MASON, LEW IS * CO., Bankers CONSULTING E N G I N E E R ,
COUNTY
171 LASALLE STREET,
3 5 W a ll S tr e e t, N ew Y o r k ,
SCHOOL SEND FOR LISTS.
CHICAGO.
And W a te r fo r d , N. Y .

SUCCESSORS TO

SCHAFFNER

GEORGE H . B U R F O R D , P r e sid e n t.

A sto r B u ild in g , 9 P in e S tr e e t, N ew Y o r k

A. G. Becker & Co.,
HERMAN

The United States Life
Insurance Co.
IN T H E CITY OF NEW YORK.Mia

P riv a te w ire to N ew Y o rk a n d P h ila d e lp h ia .

Loeb

1894.

93 South Street.

-

-

Baltimore, IMd,

S u p p ly B an k s, B a n k e rs, S to ck B ro k e rs a n d C o r.
p o ratio n s w ith c o m p le te o u tfits o f A c c o u n t B o o k s
a n d S ta tio n e ry .
j y N ew c o n c e rn s o rg an izin g w ill h a v e th e i
o rd e rs p ro m p tly e x e c u te d .

Mo. 1 WILLI A ll STREET.

Given & Sicard,
M ech a n ica l an d C iv il E n g in eers.
G e n e ra l E n g in e e rin g . D raw in g s. P a te n ts . Specifica
tio n s . E n g in e T e s ts . P la n s a n d R e p o rts,
S u p e rv is io n o f C o n s tru c tio n .

9 9 5 C H E ST N U T S T ., P H I L A D E L P H IA .

THE

X

CHRONICLE.

[Vol. LIX.

©xrtttftt.

C M tx rti.

W OODW ARD
& STILLMAN, IN M A N , SW ANN& Co

Walter T. Hatch,
H enry Prescott Hatch,
A rth u r M elvin HateA
M em b e rs o f N . Y . S to ck a n d P r o d u c e E xchanges,

W . T. Hatch & Sons,
96 Broadway & 6 Wall St., New York.

MERCHANTS

COTTON MERCHANTS,

D e a le rs In in v e s tm e n t sto c k s a n d b o n d s.
P e r s o n a l a t te n tio n g iv e n a t t h e N . Y . S tock E g.
c h a n g e f o r t h e p u rc h a s e a n d sa le o n com m ission o |
s to c k s a n d b o n d s f o r c a sh o r o n m a rg in .
I n te r e s t allo w ed o n d ep o sits, s u b je c t to d r a f t at
s ig h t.

16 to 22 WILLIAM STREET,
^lew York.

NEW YORK.
C O T T O N O F A L L G R A D E S S U IT A B L E TO
W A N T S O F A M E R IC A N S P I N N E R S .

Lbhuan . Stern & Co., Limited, New Orleans, La.
Lehhan -Durr Co., Montgomery, a i ».

LEHMAN

Henry Hentz & Co.,
COMMISSION MERCHANTS,

BROS.,

co m m issio n m e r c h a n t s

1 6 to 2 3 W illia m S t., N ew Y o r k .

,

F. H. Prince & Co.,

E X E C U T E O R D E R S F O R F U T U R E D E L IV E R Y

Nos. 16-22 William Street,
NEW WORK.

A t th e N ew Y o rk , L iv erp o o l a n d N ew O rlean s
C o tto n . E x c h a n g e s . A lso o rd e rs f o r

BAN KERS,

COTTON,

MEMBERS OF THE STOCK, COTTON, OOFFEE AND PRODUCE EXCHANGES,

COFFEE,
A t th e N ew Y o rk Coffee E x c h a n g e , a n d

New York .

G R A I N AMD P R O V I S I O N S ,

O rd ers e x e e n te d o n t h e ab o v e E x c h a n g e s as w ell
>ts in N ew O rleans, C hicago a n d fo re ig n m a rk e ts .

A t t h e N ew Y o rk P ro d u c e E x c h a n g e
a n d t h e C hicago B o a rd o f T ra d e .

H ub bard, P rice & C o .,

MASS.

HIGH GRADE INVESTMENTS.
M em b e rs o f N ew Y o rk a n d B o s to n S to ck E xchange*.

P r iv a te w ires to a ll im p o r ta n t p o in ts N o rth , S o u th ,
E a s t a n d W e st.

CO TTO N E X C H A N G E B U IL D IN G ,

BOSTON,

Atwood Violett & Co.,

MEW Y O R K .

General Commission Merchants.

B A N K E R S AND

M em bers N ew Y o rk S to ck E x c h a n g e , N ew Y o rk
J o tto n E x c h an g e, N ew Y o rk P ro d u c e E x c h a n g e , N ew
f o r k Coffee E x c h a n g e , Chicago B o a rd o f T ra d e .
O rd ers e x e c u te d o n a n y o f th e ab o v e E x c h an g es,
also f o r p ttre n a s e a n d sa le o f c o tto n fo r f u tu r e d e 
liv ery in N ew O rlean s a n d L iv erp o o l. L ib e ra l a d 
vances m a d e o n c o tto n c o n sig n m e n ts.

P R IC E , R E ID & CO.,
N orfolk , Va.

ST. LOUIS.
J . O. B l o s s .

AND

COMMI S S I ON ME R C H A N T S
Room 59» C otton E x ch ago B u ild in g .
N E W YORK.
fctnstavus C. H o p k in s,
C h arles D . M iller,

L u c iu s H o p k in s S m ith .
S am u el H o p k in s.

G a o . H . Ch u r c h , S p ecial

J. O. BLOSS & CO.,
COTTON

W A L K E R H IL L , P re s id e n t,
A L V A H M A N S U R , V ic e -P re s id e n t,
L . A . B A T T A IL E , C ashier,
W . L . R IC K E R , A ss’t . C ashier
B e s t O rganized C ollection D e p a rtm e n t In Mo.

M ERCHANTS,

Hatch & Foote,

99 W illia m Stropc,
_______________N E W Y O R K .
W. D. R ountree .

COTTON, COTTONSEED O il.
SO U T H E R N PR O D U C E

American Exchange Bank,
C ap ital, - 8 5 0 0 ,0 0 0 I S u r p lu s. - 8 3 9 5 ,0 0 0

special a tte n tio n g iv e n to o rd e rs fo r c o tto n fo r
fo re ig n o r d o m e stic s h ip m e n t.

Hopkins, Dwight & Co.,

BR O K ER S.

C o n tra c ts f o r C o tto n F u tu r e D eliv ery e x e c u te d o n
th e L iv erp o o l, N ew O rlean s a n d N ew
Y o rk E x c h a n g e s .

Albert l . R ountree ’

W. D. Rountree & Co.,
COM M ISSION M E R C H A N T S

BAN K ERS,

No. 7 PINE STREET, NEW YORK,
INVESTM ENT SECURITIES.

COTTON E X C H A N G E B U IL D IN G . MEW
Y O R K , and N O R F O L K , YA.
CO TTO N . C O F F E E , G R A IN , P R O V IS IO N S A N D
__________ ___________STOCKS.

Samuel White,
COMMISSION

BROKER,

Ai^Ai Goldsmith, Agt.

60 BROADW AY.

J. Spencer Turner,

COTTON BROKER.

Traction Stocks a Specialty.

SUCCESSOR TO

S A M P L E S A N D P IC K IN G S A S P E C IA L T Y .

Brinckerhofl, Turner & Co.,
M A N U F A C T U R E S A N D D E A L E R IN

C H A R L E S T O N , S. C.
C o rre sp o n d e n c e S olicited.

COTTON SAIL DUCK Geo. H. M°Fadden & Bro.
AND AXL KINDS Or
COTTON CA N V A S F E L T IN G D UCK ,
O A R C O V E R IN G B A G G IN G ,
R A V E N S D U CK , S A IL T W IN E , * 0 .,
P O P E “ A W N IN G ” S T R IP E S .
A g in t

UNITED S T A T E S B U N T IN G CO.
A fu ll su p p ly all W id th s a n d Colors, alw a y s u>

stock.

109 n a a n « rntrm t*
m

COTTON

M ERCHANTS,

P H IL A D E L P H IA .
■

C o n s u ltin g E n g in e e r.

R e p o rts o n In v e s tm e n t P ro p e rtie s f o r B a n k e rs
a n d In v e s to rs .
E x a m in a tio n s In r e g a rd to p h y sica l c o n d itio n a n d
c h a ra c te r, ea rn in g s , m a n a g e m e n t, n ee d s, v a lu e , etc.
R a i l r o a d L o c a tio n a n d C o n s tru c tio n .

L iv e r po o l Co r r espo n d e n t s
_

Jos. O. Osgood,
M . A m . Soc. C. E .

F r e d e r i c Z e r e g a <fc Co.

B r e m e n Co r r espo n d e n t s

120 BROADWAY,

■

■

NEW YORK.

M c F a d d e n , Z e r e g a db C o .

Bliss, Fabyan & Co.,
N E W Y O R K , B O S T O N ,P H IL A D E L P H IA .

W M . FRAN K LIN HA LL
BOOKS

ACCOUNTANT A U D I T E D

Selling Agents fob Leading Brands

CO TTO N

AN D

GRAIN

F O R F U T U R E D E L IV E R Y .

Frederick Paxson & Co.,
STO CK B R O K E R S ,
D REXEL

B U IL D IN G ,

P H l.iA B B T .P m A

„ J W y a t ^ w ir e « to N ew Y ork S tock a n d C o tto n
S x ch an g e s a n d C hicago B o ard ò f T ra d e.

M. T. Ma in s .

W m . Ra t .

b. f .

E v a n s , S pecial.

Geo. Copeland & Co.,
COTTON BROKERS,
1 9 9 P e a r l S tr e e t,
.
N ew Y o rk .
C o tto n la n d e d a t m ills fro m S o u th e rn m a rk
»pecialty. O rd ers f o r f u tu r e d e liv e ry c o n t
«vom ited on N ew Y o rk ;G o tto n E x c h a n g e .




N ew fo rm s d esig n e d f o r h o o k s o f a c c o u n t.

B R O W N and B L E A C H E D S H IR T IN G S
and SH E E T IN G S,

Settlement of Insolvent Estates.
A18 E x c h a n g e B uild in g , 53 S ta te S tre e t, B o sto n

P R I N T S , D E N IM S , T IC K S , D U C K S , * 0 .
T o w e ls, Q u ilts , W h ite G o o d s a n d H o s ie ry .

D rills, Sheetings, die., fo r E xport Trade.
P a u l Sc h w a r z .

s.

A . F a t m a n , S pecial.

Fatman & Schwarz,
COTTON COMMISSION M E R C H A N T S .
1 W illia m S tre e t, N ew Y o rk .
M em b e rs N ew Y o rk C o tto n , Coffee a n d P ro d u c e
E x c h a n g e s.

R. H. ROUNTREE & CO.,
C o tto n ,

G ra in ,
C o ffe e
and
P ro v is io n
C o m m is s io n M e r c h a n t s .
C o tto n E x c h a n g e B uilding,
N EW YORK.
C O R R E S P O N D E N C E IN V IT E D .

Edward E. Higgins,
Expert in Street Railway Values and
Economies.
H avem eyer H ull ding, Cortlandt St..
NEW YORK

Fifth Avenue Hotel,
M adison Square, New York.
T h e la rg e s t, b e s t a p p o in te d a n d m o s t lib e ra lly
m a n a g e d h o te l in t h e city , w ith t h e m o s t c e n tr a l
a n d d e lig h tfu l lo c a tio n .
H IT C H C O C K D A R L IN G & CO

1
,
Full text of Commercial and Financial Chronicle : September 1, 1894, Vol. 59, No. 1523

FRASER
